Metropolitan Bank (MCB) director trades 10,000 shares around $92 average
Rhea-AI Filing Summary
Metropolitan Bank Holding Corp. director Robert C. Patent sold 10,000 shares of common stock on August 10, 2026 in an open-market transaction at a weighted average price of $92.2923 per share, with individual sale prices ranging from $92.0450 to $92.6300. Following this sale, he directly holds 76,185 shares, which include restricted stock units scheduled to vest 100% on January 23, 2027.
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Insights
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Insider Trade Summary
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
PATENT ROBERT C
Role
Director
Sold
10,000 shs ($923K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 10,000 | $92.2923 | $923K |
Holdings After Transaction:
Common Stock — 76,185 shares (Direct)
Footnotes (2)
- F1. The $92.2923 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.0450 to $92.6300, inclusive. The Reporting Person undertakes to provide to Metropolitan Bank Holding Corp., any security holder of Metropolitan Bank Holding Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote 1.
- F2. Includes restricted stock units that vest 100% on January 23, 2027.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $92.2923 per share
Sale price range: $92.0450–$92.6300 per share
+2 more
5 metrics
Shares sold
10,000 shares
Common Stock sold by director on August 10, 2026
Weighted average sale price
$92.2923 per share
Average price across multiple sale transactions
Sale price range
$92.0450–$92.6300 per share
Range of prices for the multiple sale transactions
Shares owned after transaction
76,185 shares
Total direct holdings after the August 10, 2026 sale
RSU vesting date
January 23, 2027
Restricted stock units included in post-transaction holdings vest 100% on this date
Key Terms
weighted average price, restricted stock units, vest
3 terms
weighted average price financial
"The $92.2923 price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"Includes restricted stock units that vest 100% on January 23, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"Includes restricted stock units that vest 100% on January 23, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Metropolitan Bank (MCB) report?
Metropolitan Bank reported that director Robert C. Patent sold 10,000 common shares on August 10, 2026. The sale was in the open market at a weighted average price of $92.2923 per share, with prices ranging from $92.0450 to $92.6300.
Were the Metropolitan Bank (MCB) insider sales under a Rule 10b5-1 plan?
The transaction was not marked as being under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox is shown as false, and no footnote indicates that the sale was executed pursuant to a pre-arranged trading plan.
What does the weighted average price mean in the Metropolitan Bank (MCB) insider sale?
The reported price of $92.2923 per share is a weighted average across multiple trades. Individual trades took place at prices from $92.0450 to $92.6300. The reporting person offers to provide detailed per-trade pricing information upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.