Mohdnor Abdul 4

What Happened
Mohdnor Abdul, Executive Vice President of MetroCity Bankshares (MCBS), was granted 612 restricted shares on June 1, 2026. The award is reported at $32.66 per share, for a total reported value of $19,988. This transaction is an equity award (grant), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-06-01 — Restricted stock award (Code A) at $32.66 per share.
• Shares granted: 612 shares; reported total value $19,988.
• Vesting: 25% (153 shares) vests on the grant date; the remaining 75% (459 shares) vests in three equal annual installments of 153 shares each thereafter (per filing footnote).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Form 4 filed 2026-06-02 for a 2026-06-01 transaction — appears to be timely (no late filing indicated).

Context
This was a compensation-related restricted stock grant. Such awards are common for executives and represent deferred pay or incentives; they do not necessarily signal the insider’s personal buy/sell decisions. Because 25% vested immediately, Abdul received a portion of the shares outright at grant, with the remainder subject to future vesting.