Companies MetroCity Bankshares, Inc.
MetroCity Bankshares (MCBS): executive pay, fiscal 2025
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CEO pay, last three years
- $2,188,058FY2023
- $2,274,100FY2024
- $2,563,611FY2025
CEO total pay was $2,563,611 in fiscal 2025, up from $2,274,100 in fiscal 2024.
FY2025: salary $507,500 · bonus $0 · stock awards $995,111 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Nack Paek | $507,500 | $0 | $995,111 | $0 | $1,040,000 | $0 | $21,000 | $2,563,611 |
| Chief Executive Officer of the Company and Executive Chairman of the Bank | ||||||||
| Farid Tan | 507,500 | 0 | 995,111 | 0 | 1,040,000 | 0 | 20,800 | 2,563,411 |
| President of the Company, Chief Executive Officer of the Bank and Interim Chief Financial Officer of the Company and the Bank | ||||||||
| Howard Hwasaeng Kim | 500,000 | 0 | 738,594 | 0 | 1,000,000 | 0 | 21,000 | 2,259,594 |
| Executive Vice President of the Company and Chief Lending Officer, Chief Operating Officer, and Co-Chief Executive Officer of the Bank | ||||||||
| Lucas Stewart | 243,219 | 50,000 | 24,000 | 0 | 0 | 0 | 14,632 | 331,851 |
| Former Executive Vice President and Chief Financial Officer of the Company and the Bank | ||||||||
| Abdul Mohdnor | 228,163 | 38,025 | 20,005 | 0 | 0 | 0 | 16,458 | 302,651 |
| Executive Vice President and Chief Compliance Officer of the Company and the Bank | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Nack Paek | $2,563,611 | $2,274,100 | $2,188,058 | ↑ +289,511 |
| Farid Tan | 2,563,411 | 2,274,100 | 2,188,058 | ↑ +289,311 |
| Howard Hwasaeng Kim | 2,259,594 | 1,966,536 | 1,858,549 | ↑ +293,058 |
| Lucas Stewart | 331,851 | 315,833 | — | ↑ +16,018 |
| Abdul Mohdnor | 302,651 | 283,796 | — | ↑ +18,855 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
We use ROAE as the metric to determine annual STI payments because it directly links NEO performance to the Company s financial health and shareholder value, encouraging actions that boost profitability and shareholder returns.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | not disclosed |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Nack Y. Paek | RSU | 2025-06-01 | — | — | 35,616 | — | $995,111 |
| Abdul Mohdnor | RSU | 2025-06-01 | — | — | 716 | — | 20,005 |
| Howard Hwasaeng Kim | RSU | 2025-06-01 | — | — | 26,435 | — | 738,594 |
| Farid Tan | RSU | 2025-06-01 | — | — | 35,616 | — | 995,111 |
| Lucas Stewart | RSU | 2025-06-01 | — | — | 859 | — | 24,000 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Nack Y. Paek | $995,111 | $0 | $0 | 0.0% |
| Abdul Mohdnor | 20,005 | 0 | 0 | 0.0% |
| Howard Hwasaeng Kim | 738,594 | 0 | 0 | 0.0% |
| Farid Tan | 995,111 | 0 | 0 | 0.0% |
| Lucas Stewart | 24,000 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Abdul Mohdnor | RSU | 228 | — | $6,051 |
| Lucas Stewart | RSU | 304 | — | 8,068 |
| Abdul Mohdnor | RSU | 354 | — | 9,395 |
| Lucas Stewart | RSU | 456 | — | 12,102 |
| Abdul Mohdnor | RSU | 537 | — | 14,252 |
| Lucas Stewart | RSU | 643 | — | 17,065 |
| Howard Hwasaeng Kim | RSU | 11,883 | — | 315,375 |
| Howard Hwasaeng Kim | RSU | 12,876 | — | 341,729 |
| Paek | RSU | 15,643 | — | 415,165 |
| Farid Tan | RSU | 15,643 | — | 415,165 |
| Paek | RSU | 17,107 | — | 454,020 |
| Farid Tan | RSU | 17,107 | — | 454,020 |
| Howard Hwasaeng Kim | RSU | 19,826 | — | 526,182 |
| Paek | RSU | 26,712 | — | 708,936 |
| Farid Tan | RSU | 26,712 | — | 708,936 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Ajit A. PatelIndependent · Lead Independent Director · Audit and Compliance · Compensation (Chair) · Nominating and Governance | $91,500 | $24,000 | $0 | $0 | $0 | $115,500 |
| William J. HungelingIndependent · Audit and Compliance (Chair) · Compensation | 90,500 | 24,000 | 0 | 0 | 0 | 114,500 |
| Don T.P. LeungIndependent · Nominating and Governance | 89,500 | 24,000 | 0 | 0 | 0 | 113,500 |
| Francis LaiIndependent · Compensation · Nominating and Governance (Chair) | 87,600 | 24,000 | 0 | 0 | 0 | 111,600 |
| Frank S. RheeIndependent · Audit and Compliance | 87,000 | 24,000 | 0 | 0 | 0 | 111,000 |
| Frank GloverNot independent | 80,600 | 24,000 | 0 | 0 | 0 | 104,600 |
| Feiying LuIndependent · Audit and Compliance · Compensation · Nominating and Governance | 76,500 | 24,000 | 0 | 0 | 0 | 100,500 |
| John PaekNot independent | 83,070 | 8,000 | 0 | 0 | 0 | 91,070 |
| David ShimIndependent · Audit and Compliance · Newly elected | 49,000 | 0 | 0 | 0 | 0 | 49,000 |
| Sam Sang-Koo ShimIndependent · Not standing for re-election · Departed during FY | 27,500 | — | 0 | 0 | 0 | 27,500 |
| Howard Hwasaeng KimEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Farid TanEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Nack Y. PaekEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $2,750 |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 8,000 / 8,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $762,770 |
| Equity awards (grant-date value) | $176,000 |
| All other compensation | $0 |
| Total cost of the board | $938,770 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names MetroCity Bankshares as a peer
Companies that benchmark against MCBS
8 companies name MCBS as a compensation peer
- C & F FINANCIAL CORPCFFIFY2025
- FB Financial CorpFBKFY2025
- First Internet BancorpINBKFY2025
- Investar Holding CorpISTRFY2025
- PEAPACK GLADSTONE FINANCIAL CORPPGCFY2025
- RED RIVER BANCSHARES INCRRBIFY2025
Each company listed discloses MCBS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MCBS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | MetroCity Bankshares, Inc. | 2025 | Nack Paek | $507,500 | $995,111 | $0 | $1,040,000 | $2,563,611 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-05-22 | 17,808,381 | 502,728 | 25,111 | 97.12% | Passed |
| 2024 | 2024-05-16 | — | — | — | — | — |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-05-22 | 97.12%a |
| 2024 | 2024-05-16 | —b |
a. Approved under the standard stated in the filing — “For purposes of this proposal, failures to vote and abstentions will have the effect of a vote against the proposal.”.
b. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 37.4 : 1 |
|---|---|
| CEO total compensation | $2,563,611 |
| Median employee compensation | $68,474 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Feiying Lu | Director | 2026-06-01 | A | 735 | $33 | $24,005 | Common | Form 4 ↗ |
| Ajit A. Patel | Director | 2026-06-01 | A | 735 | 33 | 24,005 | Common | Form 4 ↗ |
| Don T.P. Leung | Director | 2026-06-01 | A | 735 | 33 | 24,005 | Common | Form 4 ↗ |
| Abdul Mohdnor | Executive Vice President | 2026-06-01 | A | 612 | 33 | 19,988 | Common | Form 4 ↗ |
| John Paek | Director | 2026-06-01 | A | 735 | 33 | 24,005 | Common | Form 4 ↗ |
| Frank S. Rhee | Director | 2026-06-01 | A | 735 | 33 | 24,005 | Common | Form 4 ↗ |
| Nack Y. Paek | Director | 2026-06-01 | A | 31,107 | 33 | 1,015,955 | Common | Form 4 ↗ |
| Howard Hwasaeng Kim | Director | 2026-06-01 | A | 21,840 | 33 | 713,294 | Common | Form 4 ↗ |
| Frank Glover | Director | 2026-06-01 | A | 735 | 33 | 24,005 | Common | Form 4 ↗ |
| David S. Shim | Director | 2026-06-01 | A | 367 | 33 | 11,986 | Common | Form 4 ↗ |
| Farid Tan | Director | 2026-06-01 | A | 31,107 | 33 | 1,015,955 | Common | Form 4 ↗ |
| Francis Lai | Director | 2026-06-01 | A | 735 | 33 | 24,005 | Common | Form 4 ↗ |
| William J. Hungeling | Director | 2026-06-01 | A | 735 | 33 | 24,005 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (43 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Nack Paek. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table”. As printed: 2,563,611. View filing ↗
- Section 01, Farid Tan. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table”. As printed: 2,563,411. View filing ↗
- Section 01, Howard Hwasaeng Kim. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table”. As printed: 2,259,594. View filing ↗
- Section 01, Lucas Stewart. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table”. As printed: 331,851. View filing ↗
- Section 01, Abdul Mohdnor. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table”. As printed: 302,651. View filing ↗
- Section 03, Nack Y. Paek RSU. DEF 14A, filed 2026-04-20. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Abdul Mohdnor RSU. DEF 14A, filed 2026-04-20. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Howard Hwasaeng Kim RSU. DEF 14A, filed 2026-04-20. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Farid Tan RSU. DEF 14A, filed 2026-04-20. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Lucas Stewart RSU. DEF 14A, filed 2026-04-20. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-20. Section “CEO Pay Ratio”. As printed: 37.4 : 1. View filing ↗
- Section 08, Ajit A. Patel. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 115,500. View filing ↗
- Section 08, William J. Hungeling. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 114,500. View filing ↗
- Section 08, Don T.P. Leung. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 113,500. View filing ↗
- Section 08, Francis Lai. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 111,600. View filing ↗
- Section 08, Frank S. Rhee. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 111,000. View filing ↗
- Section 08, Frank Glover. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 104,600. View filing ↗
- Section 08, Feiying Lu. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 100,500. View filing ↗
- Section 08, John Paek. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 91,070. View filing ↗
- Section 08, David Shim. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 49,000. View filing ↗
- Section 08, Sam Sang-Koo Shim. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 27,500. View filing ↗
- Section 08, Howard Hwasaeng Kim. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Farid Tan. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Nack Y. Paek. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Feiying Lu 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ajit A. Patel 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Don T.P. Leung 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Abdul Mohdnor 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Paek 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Frank S. Rhee 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Nack Y. Paek 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Howard Hwasaeng Kim 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Frank Glover 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David S. Shim 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Farid Tan 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Francis Lai 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, William J. Hungeling 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-22. Item 5.07 · say-on-pay result. As reported: 97.12% (votes for as printed: 17,808,381). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-16. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 762,770 + equity 176,000 + all other 0 = 938,770, summed across the director compensation table rows.
- MetroCity Bankshares, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in MetroCity Bankshares, Inc.'s own proxy. As printed: 2,563,611. View filing ↗