Glover Frank 4

What Happened Frank Glover, a director of MetroCity Bankshares, received a restricted stock award of 735 shares on June 1, 2026. The award price is reported at $32.66 per share, for a total grant value of $24,005. The filing shows this as an acquisition via an award (transaction code A), which is typically a compensation grant rather than a market purchase.

Key Details

• Transaction date and price: June 1, 2026 — 735 shares at $32.66 each.
• Total value: $24,005 (735 × $32.66).
• Shares owned after transaction: Not disclosed in the provided filing.
• Vesting: The award vests 25% on the grant date, then 25% annually over a three-year vesting period beginning June 1, 2026 (per footnote F1).
• Filing timeliness: Report filed June 2, 2026 (next business day); not indicated as late.
• Transaction code: A = Award/Grant (compensation), not an open-market purchase or sale.

Context This was a restricted stock award (compensation), which is common for directors and does not necessarily signal a purchase-based vote of confidence. Awards vest over time per the schedule above; unlike immediate purchases, vested shares may be subject to holding or transfer restrictions until fully vested.