{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-053156","form_type":"8-K","ticker":"MCB","cik":"0001476034","company_name":"Metropolitan Bank Holding Corp.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.981126+00:00","generated_at":"2026-06-16T06:23:10.995859+00:00","sec_items":["1.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Metropolitan Bank rescinds $7.5M CEO loan and option exercise on regulatory concerns","bullets":["CEO Mark DeFazio received $7.468M loan on March 6, 2023 to exercise 220,200 stock options; loan deemed likely impermissible.","Loan and option exercise rescinded April 26, 2023; option shares returned, options reinstated; CEO also repaid $780K 2021 loan.","Rescission restores parties to status quo ante; no consideration exchanged; tax treatment under Revenue Ruling 80-58.","Company determined loans likely violated applicable law/regulation after reevaluation for proxy statement preparation."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-053156","json":"https://secwatch.observer/filing/0001104659-23-053156.json","markdown":"https://secwatch.observer/filing/0001104659-23-053156.md","text":"https://secwatch.observer/filing/0001104659-23-053156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1476034/000110465923053156/0001104659-23-053156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1476034/000110465923053156/tm2314103d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:23:10.995859+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}