MetroCity Bankshares (MCBS) director receives 735-share restricted stock grant
Rhea-AI Filing Summary
Hungeling William J. reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares, Inc. director William J. Hungeling received a grant of 735 shares of Common Stock as a restricted stock award valued at $32.66 per share. This is a compensation-related share award, not an open-market purchase. Following the grant, he directly holds 158,163 shares.
The award vests 25% on the grant date and then 25% annually over a three-year vesting period beginning on June 1, 2026, linking full ownership to continued service over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 735 shares
Net Buy
1 txn
Insider
Hungeling William J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 735 | $32.66 | $24K |
Holdings After Transaction:
Common Stock — 158,163 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: 735 shares
Grant price: $32.66 per share
Shares held after grant: 158,163 shares
+2 more
5 metrics
Restricted shares granted
735 shares
Common Stock grant to director on June 1, 2026
Grant price
$32.66 per share
Reported value for restricted stock award
Shares held after grant
158,163 shares
Direct ownership following the transaction
Initial vesting portion
25%
Vests on the grant date
Annual vesting rate
25% per year
Annually over a three-year vesting period beginning June 1, 2026
Key Terms
restricted stock award, vesting period, Common Stock, Grant, award, or other acquisition
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.
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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What was the price and total size of the MCBS restricted stock grant to Hungeling?
The restricted stock award to William J. Hungeling covered 735 shares of MetroCity Bankshares Common Stock at a reported value of $32.66 per share. This is a relatively small, routine director compensation grant rather than a large discretionary market trade in MCBS stock.
How does the restricted stock award for MCBS director Hungeling vest over time?
The restricted stock award vests 25% on the grant date and then 25% annually over a three-year vesting period beginning on June 1, 2026. This structure ties full share ownership to ongoing service with MetroCity Bankshares over several years.