MetroCity Bankshares (MCBS) CEO receives 31,107-share restricted stock grant
Rhea-AI Filing Summary
PAEK NACK Y reported acquisition or exercise transactions in this Form 4 filing.
MetroCity Bankshares, Inc. Chief Executive Officer Nack Y. Paek reported an equity compensation grant on common stock. He received a restricted stock award of 31,107 shares at a grant price of $32.66 per share, increasing his directly held common shares to 1,376,545.
The award vests 25% immediately on the grant date and then 25% annually over a three-year vesting period beginning on June 1, 2026. The filing also lists 28,000 common shares held indirectly through Magna Properties LLC and 20,000 common shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 31,107 shares
Net Buy
3 txns
Insider
PAEK NACK Y
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,107 | $32.66 | $1.02M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,376,545 shares (Direct);
Common Stock — 20,000 shares (Indirect, By Spouse);
Common Stock — 28,000 shares (Indirect, By Magna Properties LLC)
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: 31,107 shares
Grant price: $32.66 per share
Direct holdings after grant: 1,376,545 shares
+4 more
7 metrics
Restricted stock grant
31,107 shares
Common Stock award to CEO on June 1, 2026
Grant price
$32.66 per share
Restricted stock award pricing
Direct holdings after grant
1,376,545 shares
Common Stock directly held by CEO following award
Indirect holdings via Magna Properties LLC
28,000 shares
Common Stock held indirectly
Indirect holdings by spouse
20,000 shares
Common Stock held indirectly
Immediate vesting portion
25%
Restricted stock vests 25% 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
3 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
"28,000 common shares held indirectly through Magna Properties LLC and 20,000 common shares held indirectly by his spouse"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How does the restricted stock award for MCBS’s CEO vest over time?
The restricted stock award vests 25% on the grant date, then 25% annually over three years starting June 1, 2026. This structure ties compensation to continued service and long-term alignment, as shares become fully vested only after the multi-year vesting schedule is completed.
Was the MCBS CEO’s Form 4 transaction a market purchase or a compensation grant?
The Form 4 reports a compensation-related grant, not a market purchase. The transaction is coded as an acquisition by grant or award, with 31,107 restricted shares of common stock issued at a grant price of $32.66 under an equity compensation arrangement.