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Metropolitan Bank (NASDAQ: MCB) SVP gets stock grant, withholds shares for tax

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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

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Negative

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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)
  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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Scott Norman

(Last) (First) (Middle)
99 PARK AVENUE

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Metropolitan Bank Holding Corp. [ MCB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP and Chief Credit Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2026 A 2,296(1) A $0 14,842(2)(3) D
Common Stock 03/02/2026 F 2,310(4) D $84.15 12,532(2)(3)(5) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Restricted stock units granted on March 2, 2026 that vest at a rate of 33.3% per year commencing on March 2, 2027.
2. Includes restricted stock units granted on March 1, 2024 that vest at a rate of 33.3% per year commencing on March 1, 2025.
3. Includes restricted stock units granted on March 1, 2025 that vest at a rate of 33.3% per year commencing on March 1, 2026.
4. 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.
5. Includes restricted stock units granted on March 2, 2026 that vest at a rate of 33.3% per year commencing on March 2, 2027.
/s/ Zachary Levine, Attorney-in-Fact 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many Metropolitan Bank (MCB) shares did Scott Norman acquire in this filing?

Scott Norman acquired 2,296 shares of Metropolitan Bank common stock through a restricted stock unit grant. These units were granted on March 2, 2026 and will vest in stages, rather than being fully available immediately, according to the vesting schedule disclosed in the filing’s footnotes.

Why were 2,310 Metropolitan Bank (MCB) shares disposed of in Scott Norman’s Form 4?

The 2,310 shares were withheld by Metropolitan Bank Holding Corp. for tax obligations. They were taken upon delivery of previously granted shares, serving as a tax-withholding disposition rather than an open-market sale, as described in the filing’s transaction code and related footnote language.

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.

How many Metropolitan Bank (MCB) shares does Scott Norman hold after these transactions?

After the reported transactions, Scott Norman directly owns 12,532 shares of Metropolitan Bank common stock. This figure reflects the net position following the restricted stock unit grant and the 2,310-share tax-withholding disposition reported for March 2, 2026.

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.