PAEK NACK Y 4

What Happened
PAEK NACK Y, CEO of MetroCity Bankshares, received a restricted stock award of 31,107 shares on June 1, 2026. The award is reported at $32.66 per share for a total reported value of $1,015,955. This was an award/grant (SEC transaction code A) — a compensation grant, not an open-market purchase.

Key Details

• Transaction date: 2026-06-01; reported on Form 4 filed 2026-06-02 (appears timely).
• Price/value: $32.66 per share; total reported value $1,015,955.
• Shares involved: 31,107 restricted shares granted.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Award vests 25% on the grant date, then 25% annually over a three-year vesting period beginning on June 1, 2026 (see footnote F1).
• Transaction code: A = Award/Grant.

Context
Restricted stock awards are a form of compensation that vest over time; the initial 25% vests on the grant date with the remainder vesting annually per the footnote. Because this is a grant (compensation) rather than an open-market buy or sale, it should be viewed as executive remuneration aligned to future service and/or performance, not an immediate market-backed investment decision.