Kim Howard Hwasaeng 4
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MetroCity (MCBS) EVP Kim Howard Hwasaeng Receives Restricted Stock Award
What Happened Kim Howard Hwasaeng, Executive Vice President and a director of MetroCity Bankshares, received a restricted stock award of 21,840 shares on June 1, 2026. The award is recorded at $32.66 per share for a total reported value of $713,294. This transaction is an acquisition via company award (code A), not an open‑market purchase or sale.
Key Details
- Transaction date and price: 2026-06-01, 21,840 shares at $32.66 per share (total $713,294).
- Transaction type: Award/Grant (Form 4 code A).
- Shares owned after transaction: Not specified in the provided filing.
- Vesting note (from filing): 25% vested on the grant date, with the remaining 75% vesting 25% annually over the next three years beginning June 1, 2026.
- Filing timeliness: Form 4 filed 2026-06-02 (timely; within the standard reporting window).
Context This was a restricted stock compensation award, which is commonly used to align executives with shareholder interests; such awards represent an acquisition of shares but are granted as pay rather than an independent market buy. Vesting terms mean a portion is immediately effective, with the rest subject to future vesting conditions.