MetroCity Bankshares (MCBS) Director William J. Hungeling Receives Award

What Happened

• William J. Hungeling, a director of MetroCity Bankshares, received a restricted stock award of 735 shares on June 1, 2026. The grant price/value is reported at $32.66 per share, for a total reported value of $24,005. This was an awarded/acquired grant (not a market purchase or sale).

Key Details

• Transaction date and price: June 1, 2026 — 735 shares at $32.66 per share (total $24,005).
• Shares owned after transaction: Not specified in the summary filing details provided.
• Vesting: The award vests 25% on the grant date, then 25% annually over a three-year vesting period beginning June 1, 2026 (per filing footnote).
• Filing timeliness: Form 4 was filed on June 2, 2026 for a June 1, 2026 grant — within the typical Form 4 reporting window (appears timely).
• No 10b5-1 plan, tax-withholding sale, or other special transaction codes were indicated in the provided notes.

Context

• This was a restricted stock grant as part of compensation, meaning shares are subject to a vesting schedule and are not an open-market purchase. Such awards are common for directors and reflect compensation rather than an immediate market-direction bet. The reported value (~$24k) is modest relative to many insider transactions.