MetroCity Bankshares (MCBS) director awarded 735 restricted shares, holds 19,733
Rhea-AI Filing Summary
Rhee Frank S. reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares, Inc. director Frank S. Rhee reported receiving a grant of 735 shares of Common Stock as an equity award valued at $32.66 per share. This award is structured as restricted stock that vests 25% on the grant date and 25% annually over a three-year vesting period beginning on June 1, 2026. Following this award, Rhee directly holds 19,733 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 735 shares
Net Buy
1 txn
Insider
Rhee Frank S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 735 | $32.66 | $24K |
Holdings After Transaction:
Common Stock — 19,733 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 value per share: $32.66 per share
Shares held after grant: 19,733 shares
+2 more
5 metrics
Restricted shares granted
735 shares
Equity award of Common Stock to director Frank S. Rhee
Grant value per share
$32.66 per share
Reported value for restricted stock award
Shares held after grant
19,733 shares
Total direct Common Stock holdings post-transaction
Vesting start
June 1, 2026
Three-year vesting period begins on this date
Immediate vesting portion
25% of award
Vests on the grant date per footnote
Key Terms
restricted stock award, vesting period, Common Stock, Form 4
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
"735 shares of Common Stock as an equity award"
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.
Form 4 regulatory
"Frank S. Rhee reported receiving 735 shares of Common Stock on Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Was the MCBS Form 4 transaction a market purchase or a stock grant?
The MCBS Form 4 shows a stock grant, not a market purchase. The transaction code is A, meaning a grant, award, or other acquisition, with 735 restricted shares awarded at an indicated value of $32.66 per share.
What are the vesting terms of the MCBS restricted stock award to Frank S. Rhee?
The restricted stock award vests 25% on the grant date, then 25% annually. The footnote states vesting continues over a three-year vesting period beginning on June 1, 2026, meaning the award becomes fully vested over several years.
Does the MCBS Form 4 indicate any stock sales by Frank S. Rhee?
The Form 4 does not report any stock sales by Frank S. Rhee. It shows only a single acquisition transaction coded as a grant of 735 restricted shares, with no dispositions or derivative exercises disclosed.