Metropolitan Bank (MCB) SVP receives stock grant and tax withholding entry
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Metropolitan Bank Holding Corp. reported that SVP and Chief Accounting Officer Bonnar Gerald David received a grant of 2,153 shares of common stock on March 2, 2026 as a stock award. These restricted stock units vest in three equal installments of 33.3% per year starting March 2, 2027.
On the same date, 1,099 shares of common stock were disposed of at $84.15 per share to cover tax withholding obligations when previously granted shares were delivered. After these transactions, David directly owned 13,390 shares of common stock, including earlier restricted stock unit grants with similar three-year vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bonnar Gerald David
Role
SVP, Controller, CAO & PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,153 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,099 | $84.15 | $92K |
Holdings After Transaction:
Common Stock — 14,489 shares (Direct)
Footnotes (1)
- Restricted stock units granted on March 2, 2026 that vest at a rate of 33.3% per year commencing on March 2, 2027. Includes restricted stock units granted on March 1, 2024 that vest at a rate of 33.3% per year commencing on March 1, 2025. Includes restricted stock units granted on March 1, 2025 that vest at a rate of 33.3% per year commencing on March 1, 2026. Upon delivery to the Reporting Person of certain shares of common stock that were previously disclosed as having been granted, 1,099 shares were withheld by Metropolitan Bank Holding Corp. in respect of tax withholding obligations. Includes restricted stock units granted on March 2, 2026 that vest at a rate of 33.3% per year commencing on March 2, 2027.
FAQ
What insider transactions did MCB executive Bonnar Gerald David report?
Bonnar Gerald David reported a stock award and related tax withholding. He acquired 2,153 shares of Metropolitan Bank Holding Corp. common stock as a grant, and 1,099 shares were withheld by the company to satisfy tax obligations tied to previously granted shares.
How do the 2026 restricted stock units for MCB vest over time?
The 2026 restricted stock units vest in three equal annual tranches. Specifically, 33.3% of the award vests each year, beginning on March 2, 2027, as long as the vesting conditions described for the grant continue to be satisfied by the reporting person.