Metropolitan Bank Holding Corp.
For the period ended May 28, 2025. Filed Apr 17, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 28, 2025 · Filed Apr 17, 2025
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53Pay Versus Performance
Pay Versus Performance
We are required by SEC rules to disclose the following information regarding compensation paid to our NEOs. The amounts set forth below under the headings Compensation Actually Paid (“CAP”) to our Principal Executive Officer (“PEO”) or CEO and Average CAP to non-PEO NEOs have been calculated in a manner consistent with Item 402(v) of Regulation S-K. Footnote (2) below sets forth the adjustments from the Total Compensation for the PEO and non-PEO NEOs reported in the Summary Compensation Table above. See Appendix A: Non-GAAP Reconciliations below for additional information.
The Compensation Committee does not utilize CAP as the basis for making compensation decisions. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Compensation Discussion and Analysis.” Because CAP includes multiple years of grants, the calculation of CAP each year is heavily impacted by the change in the stock price and therefore, may be higher or lower than Summary Compensation Table compensation values.
| · (a) · · · (b) · · · (c) · · · (d) · · · (e) · · · (f) · · · (g) · · · (h) · · · (i) · | ||||||||||||||||||||||||||||||||||||||||||||||||||
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| · · · · · · · · · · · · · · · · Average Summary Compensation Table Total for Non-PEO NEOs ($) · · · Average Compensation Actually Paid to Non-PEO NEOs(2)(3) ($) · · · Value of Fixed $100 Investment Based on: · · · · · · · · · · · · · | ||||||||||||||||||||||||||||||||||||||||||||||||||
| · Year(1) · · · Summary Compensation Table for PEO ($) · · · Compensation Actually Paid to PEO(2)(3) ($) · · · Total Shareholder Return ($) · · · Peer Group Total Shareholder Return(4) ($) · · · Net Income ($ in millions) · · · Non-GAAP Adjusted ROATCE(5) (%) · | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2024 | | | | | 5,633,992 | | | | | | 4,962,333 | | | | | | 1,159,212 | | | | | | 1,000,103 | | | | | | 121 | | | | | | 131 | | | | | | 66.7 | | | | | | 12.2% | | |
| | 2023 | | | | | 3,006,460 | | | | | | 2,805,553 | | | | | | 871,001 | | | | | | 721,022 | | | | | | 115 | | | | | | 116 | | | | | | 77.3 | | | | | | 16.8% | | |
| | 2022 | | | | | 4,612,094 | | | | | | 2,045,247 | | | | | | 960,656 | | | | | | 249,561 | | | | | | 122 | | | | | | 116 | | | | | | 59.4 | | | | | | 16.6% | | |
| | 2021 | | | | | 4,377,178 | | | | | | 8,378,208 | | | | | | 1,928,708 | | | | | | 3,506,689 | | | | | | 221 | | | | | | 125 | | | | | | 60.6 | | | | | | 15.2% | | |
| | 2020 | | | | | 2,034,435 | | | | | | 1,013,573 | | | | | | 901,166 | | | | | | 621,579 | | | | | | 75 | | | | | | 91 | | | | | | 39.5 | | | | | | 12.9% | | |
(1)
The PEO in all five reporting years is Mark DeFazio. The other NEOs in the 2024 reporting year are Laura Capra, Daniel Dougherty, Scott Lublin, and Nick Rosenberg. The other NEOs in the 2023 reporting year are Laura Capra, Daniel Dougherty, Scott Lublin, Nick Rosenberg, and Gregory Sigrist. The other NEOs in the 2022 reporting year are Laura Capra, Scott Lublin, Nick Rosenberg, and Gregory Sigrist. The other NEOs in the 2021 reporting year are Scott Lublin and Nick Rosenberg. The other NEOs in the 2020 reporting year are Laura Capra and Scott Lublin.
| | PEO Adjustments | | | 2024 ($) | | | 2023 ($) | | | 2022 ($) | | | 2021 ($) | | | 2020 ($) | | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Summary Compensation Table Total | | | | | 5,633,992 | | | | | | 3,006,460 | | | | | | 4,612,094 | | | | | | 4,377,178 | | | | | | 2,034,435 | | |
| | Add (Deduct): Fair Value of Equity Awards Included in Summary Compensation Table | | | | | (3,499,968) | | | | | | (1,500,000) | | | | | | (3,106,384) | | | | | | (2,991,918) | | | | | | (499,980) | | |
| | Add: Fair Value of awards Granted in Current Year and Outstanding and Unvested at Year-End | | | | | 3,555,918 | | | | | | 1,483,852 | | | | | | 2,085,836 | | | | | | 5,224,444 | | | | | | 238,076 | | |
| | Add (Deduct): Change in Fair Value of Awards Granted in Prior Years and Outstanding and Unvested at Year-End | | | | | 22,931 | | | | | | (90,008) | | | | | | (1,232,921) | | | | | | 397,882 | | | | | | (819,176) | | |
| | Add: Fair Value of Awards Granted and Vested in Current Year | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 117,889 | | |
| | Add (Deduct): Change in Fair Value of awards Granted in Prior Years that Vested during Year | | | | | (750,539) | | | | | | (94,751) | | | | | | (313,378) | | | | | | 1,370,622 | | | | | | (57,671) | | |
| | Add (Deduct): Fair Value of Equity Awards Granted in Prior Years Forfeited in the Covered Year | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
| | Total CAP | | | | | 4,962,333 | | | | | | 2,805,553 | | | | | | 2,045,247 | | | | | | 8,378,208 | | | | | | 1,013,573 | | |
(2)
SEC rules require certain adjustments be made to the SCT values to determine CAP. For purposes of the pension valuation adjustments, NEOs do not participate in any defined benefit plan and as such are not included in the below table. The following tables detail the applicable adjustments that were made to determine CAP.
Metropolitan Bank Holding Corp. | 2025 Proxy Statement 53
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