Metropolitan Bank (MCB) director sells 5,000 shares near $90 average
Rhea-AI Filing Summary
Metropolitan Bank Holding Corp. director Robert C. Patent reported an open-market sale of 5,000 shares of common stock. The shares were sold at a weighted average price of $90.2104, with individual trade prices ranging from $89.7600 to $90.6000.
After the sale, he directly holds 96,185 shares, which the filing notes include restricted stock units that vest 100% on January 23, 2027. The transaction reflects a relatively small portion of his reported holdings.
Positive
- None.
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Insider Trade Summary
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
PATENT ROBERT C
Role
Director
Sold
5,000 shs ($451K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $90.2104 | $451K |
Holdings After Transaction:
Common Stock — 96,185 shares (Direct)
Footnotes (2)
- F1. The $90.2104 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.7600 to $90.6000, 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: 5,000 shares
Weighted average sale price: $90.2104 per share
Sale price range: $89.7600–$90.6000 per share
+2 more
5 metrics
Shares sold
5,000 shares
Open-market sale on 2026-06-04
Weighted average sale price
$90.2104 per share
Common Stock sale
Sale price range
$89.7600–$90.6000 per share
Multiple transactions within this range
Shares held after transaction
96,185 shares
Direct ownership after sale, includes RSUs
RSU vesting date
January 23, 2027
Restricted stock units vest 100% on this date
Key Terms
weighted average price, restricted stock units, open-market sale
3 terms
weighted average price financial
"The $90.2104 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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Metropolitan Bank (MCB) report for Robert C. Patent?
Metropolitan Bank director Robert C. Patent reported selling 5,000 shares of common stock in an open-market transaction. The sale was disclosed in a Form 4 filing and represents a portion of his overall direct holdings in the company.
What does the weighted average price mean in the Metropolitan Bank (MCB) Form 4?
The weighted average price of $90.2104 reflects multiple trades executed between $89.7600 and $90.6000. It represents the average price per share across all executions, weighted by the number of shares traded at each individual price.
Do Robert C. Patent’s Metropolitan Bank (MCB) holdings include restricted stock units?
Yes. The filing states that his reported 96,185-share position includes restricted stock units. These units are scheduled to vest 100% on January 23, 2027, adding to his future effective ownership if the vesting conditions are met.