MetroCity Bankshares (MCBS) director Francis Lai granted 735 restricted shares
Rhea-AI Filing Summary
Lai Francis reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares director Francis Lai received a restricted stock award of 735 shares of Common Stock at $32.66 per share. The award vests 25% on the grant date and 25% annually over a three-year vesting period beginning on June 1, 2026.
Following this grant, Lai directly holds 55,733 shares. The filing also reports indirect ownership of 424,240 shares held by a trust and 64,000 shares held by his spouse.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 735 shares
Net Buy
3 txns
Insider
Lai Francis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 735 | $32.66 | $24K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,733 shares (Direct);
Common Stock — 64,000 shares (Indirect, By Spouse);
Common Stock — 424,240 shares (Indirect, By Trust)
Footnotes (1)
- F1. The restricted stock award vests 25% on the grant date then 25% annually over a three-year vesting period beginning on June 1, 2026.
Key Figures
Restricted stock grant: 735 shares
Grant price: $32.66 per share
Direct holdings after grant: 55,733 shares
+2 more
5 metrics
Restricted stock grant
735 shares
Common Stock granted to Francis Lai
Grant price
$32.66 per share
Restricted stock award value per share
Direct holdings after grant
55,733 shares
Common Stock directly held by Francis Lai
Trust indirect holdings
424,240 shares
Common Stock held indirectly by trust
Spouse indirect holdings
64,000 shares
Common Stock held indirectly by spouse
Key Terms
restricted stock award, indirect ownership, grant, award, or other acquisition, vesting period
4 terms
restricted stock award financial
"The restricted stock award vests 25% on the grant date then 25% annually"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
indirect ownership financial
"The filing also reports indirect ownership of 424,240 shares held by a trust"
grant, award, or other acquisition financial
"transaction code A is described as Grant, award, or other acquisition"
vesting period financial
"over a three-year vesting period beginning on June 1, 2026"
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
AI-generated analysis. How Rhea-AI works. Not financial advice.
