MetroCity Bankshares (MCBS) EVP granted 612-share restricted stock award
Rhea-AI Filing Summary
Mohdnor Abdul reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares Executive Vice President Mohdnor Abdul received a grant of 612 shares of common stock, valued at $32.66 per share, as equity compensation. The restricted stock award vests 25% immediately, then 25% annually over three years starting on June 1, 2026. After this award, Abdul directly holds 6,175 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 612 shares
Net Buy
1 txn
Insider
Mohdnor Abdul
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 612 | $32.66 | $20K |
Holdings After Transaction:
Common Stock — 6,175 shares (Direct)
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 shares granted: 612 shares
Grant value per share: $32.66 per share
Shares owned after grant: 6,175 shares
+2 more
5 metrics
Restricted shares granted
612 shares
Common Stock grant to Executive Vice President
Grant value per share
$32.66 per share
Reported price for restricted stock award
Shares owned after grant
6,175 shares
Total direct holdings after transaction
Initial vesting
25%
Portion vesting on grant date
Subsequent vesting schedule
25% annually over three years
Annual vesting beginning June 1, 2026
Key Terms
restricted stock award, vesting period, Grant, award, or other acquisition, Common Stock
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.
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.