Ajit A. Patel (MCBS) awarded 735 MetroCity Bankshares restricted shares
Rhea-AI Filing Summary
Patel Ajit A. reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares director Ajit A. Patel 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 then 25% annually over a three-year period beginning on June 1, 2026.
After this grant, Patel directly holds 647,333 common shares. Separately, his spouse holds 49,088 common shares reported as indirect ownership. The filing reflects routine equity compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 735 shares
Net Buy
2 txns
Insider
Patel Ajit A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 735 | $32.66 | $24K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 647,333 shares (Direct);
Common Stock — 49,088 shares (Indirect, By Spouse)
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
Direct shares after grant: 647,333 shares
+3 more
6 metrics
Restricted shares granted
735 shares
Common Stock grant to Ajit A. Patel
Grant price
$32.66 per share
Restricted stock award valuation
Direct shares after grant
647,333 shares
Patel direct common stock ownership
Indirect shares by spouse
49,088 shares
Common Stock held indirectly through spouse
Initial vesting portion
25%
Vests on grant date
Annual vesting portion
25% annually
Three-year vesting period beginning June 1, 2026
Key Terms
restricted stock award, vesting period, indirect ownership, 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.
indirect ownership financial
"direct_or_indirect: "I", nature_of_ownership: "By Spouse""
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 insider transaction did MCBS director Ajit A. Patel report?
Ajit A. Patel reported receiving a grant of 735 shares of MetroCity Bankshares common stock as a restricted stock award. This is compensation, not an open-market trade, and increases his direct equity stake in the company.
At what price was Ajit A. Patel’s MCBS restricted stock grant valued?
The restricted stock grant to Ajit A. Patel was valued at $32.66 per share. This figure reflects the grant price used for the 735-share award, providing a reference valuation for the compensation-based equity.
How does the restricted stock for MCBS’s Ajit A. Patel vest?
Ajit A. Patel’s restricted stock award vests 25% on the grant date, then 25% annually over three years starting June 1, 2026. This schedule ties full ownership to continued service over the multi-year period.