Metropolitan Bank (NASDAQ: MCB) SVP gets stock grant, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Metropolitan Bank Holding Corp. senior executive Scott Norman reported mixed equity transactions. He received a grant of 2,296 shares of common stock as restricted stock units on March 2, 2026, vesting 33.3% annually starting March 2, 2027. On the same date, 2,310 shares were disposed of at $84.15 per share to cover tax withholding when previously granted shares were delivered, leaving him with 12,532 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Scott Norman
Role
SVP and Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,296 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,310 | $84.15 | $194K |
Holdings After Transaction:
Common Stock — 14,842 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, 2,310 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 did Scott Norman report in his Metropolitan Bank (MCB) Form 4 filing?
Scott Norman reported both an acquisition and a disposition of Metropolitan Bank common stock. He received 2,296 restricted stock units on March 2, 2026, and 2,310 shares were disposed of the same day to satisfy tax withholding tied to previously granted shares.
What is the vesting schedule for Scott Norman’s new Metropolitan Bank (MCB) restricted stock units?
The new restricted stock units granted on March 2, 2026 vest 33.3% per year. Vesting begins on March 2, 2027, meaning the award becomes available in roughly equal annual installments over three years, aligning with prior RSU grants referenced in the filing footnotes.
What do the earlier RSU grants mentioned in the Metropolitan Bank (MCB) Form 4 footnotes represent?
The footnotes describe RSU grants from March 1, 2024 and March 1, 2025, each vesting 33.3% annually. These prior awards, along with the 2026 grant, contribute to Scott Norman’s total equity-based compensation and help explain the delivery and tax-withholding activity in this Form 4.