MetroCity Bankshares, Inc.
For the period ended May 21, 2026. Filed Apr 20, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 21, 2026 · Filed Apr 20, 2026
Contents
Pay Versus Performance
Pursuant to Section 953(a) of the Dodd-Frank Act and Item 402(v) of SEC Regulation S-K, we are providing the following information about the relationship between executive “compensation actually paid” (or “CAP”) to the Company’s chief executive officer (“CEO”) and non-CEO named executive officers (the “Non-CEO NEOs”) and certain aspects of the financial performance of the Company. The Compensation Committee does not utilize CAP as the basis for making compensation decisions. For further information concerning our compensation philosophy and how we align executive compensation with our performance, please see our Compensation Discussion & Analysis.
The following table summarizes the compensation of our CEO and other NEOs for each of the fiscal years ending December 31, 2025, 2024, 2023 and 2022. Note that for our NEOs other than our chief executive officer, compensation is reported as an average.
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · Value of Initial Fixed $100 · · · · · | |||||||||||||||||
| · · · · · · Average · · · · Investment Based On: · · · · · | |||||||||||||||||
| | | | | | | Summary | | Average | | | | Peer Group | | | | | |
| | | Summary | | | | Compensation | | Compensation | | Total | | Total | | | | | |
| | | Compensation | | Compensation | | Table Total | | Actually Paid | | Shareholder | | Shareholder | | | | Return on | |
| | | Table Total | | Actually Paid | | for Non-CEO | | to Non-PEO | | Return | | Return | | Net Income | | Average | |
| Year | | for CEO(1) | | to CEO | | NEOs(2) | | CEOs | | ($) | | ($)(3) | | ($) | | Equity | |
| 2025 | 2,563,611 | | 3,049,484 | | 1,364,377 | | 1,614,008 | | 109.82 | | 115.20 | | 68,532,000 | | 15.63% | ||
| 2024 | | 2,274,100 | 3,137,679 | | 1,210,066 | 1,596,699 | 137.12 | 118.22 | | 64,504,000 | 16.16% | ||||||
| 2023 | | 2,207,858 | | 2,917,839 | | 2,043,104 | | 2,681,878 | | 115.36 | 110.50 | | 51,613,000 | 14.10% | |||
| 2022 | | 2,294,319 | | 2,310,067 | | 2,123,569 | | 2,136,699 | | 80.75 | 88.17 | | 62,602,000 | 19.55% | |||
| (1) | The CEO in 2025, 2024, 2023 and 2022 was Nack Y. Paek. |
| (2) | The non-CEO NEOs in 2025 and 2024 were Farid Tan, Howard Hwasaeng Kim, Lucas Stewart and Abdul Mohdnor. The non-CEO NEOs in 2023 and 2022 were Farid Tan and Howard Hwasaeng Kim. |
| (3) | Peer group used for total shareholder return comparisons represents the S&P U.S. Small Cap Bank Index. |
The following table reconciles the total compensation shown in the Summary Compensation Table to the compensation actually paid to our CEO and non-CEO NEOs shown in the table above.
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · CEO · · Average of Non-CEO NEOs | ||||||||||||||||
| Adjustments | | 2025 | | 2024 | | 2023 | | 2022 | | 2025 | | 2024 | | 2023 | | 2022 |
| Summary Compensation Table Total | 2,563,611 | 2,274,100 | 2,207,858 | | 2,294,319 | 1,364,377 | | 1,210,066 | | 2,043,104 | | 2,123,569 | ||||
| Less: Fair Value of Stock Awards Granted in Fiscal Year | | (995,110) | | (843,400) | | (1,028,058) | | (1,001,019) | | (444,428) | | (379,561) | | (904,554) | | (879,769) |
| Add: Fair Value of Stock Awards Granted in Fiscal Year - Value at Year End | | 945,249 | | 1,093,169 | | 1,502,979 | | 1,066,078 | | 422,159 | | 491,966 | | 1,322,421 | | 936,947 |
| Change in Fair Value for Stock Awards Granted in Prior Years that were Unvested at the End of Fiscal Year | | 153,086 | | 345,804 | | 71,392 | | (139,081) | | 68,765 | | 154,189 | | 62,574 | | (121,959) |
| Change in Fair Value of Stock Awards Granted in Prior Years that Vested during the Fiscal Year | | 251,078 | | 242,779 | | 143,428 | | 77,061 | | 145,659 | | 108,873 | | 140,528 | | 66,676 |
| Add: Dividends Paid on Unvested Restricted Stock Shares for the Fiscal Year | | 131,570 | | 25,227 | | 20,240 | | 12,709 | | 57,476 | | 11,166 | | 17,805 | | 11,235 |
| Compensation Actually Paid | | 3,049,484 | | 3,137,679 | | 2,917,839 | | 2,310,067 | | 1,614,008 | | 1,596,699 | | 2,681,878 | | 2,136,699 |
Description of Relationship Between Compensation Actually Paid and Company Performance
The following graphs reflect the relationship between the compensation actually paid to our CEO and the average compensation actually paid to our non-CEO NEOs with 1) the Company’s total shareholder return (TSR); 2) the Company’s return on average equity; and 3) the Company’s net income for the fiscal years ending December 31, 2025, 2024, 2023 and 2022. An additional graph reflects the relationship between the Company’s TSR and a peer group TSR (assuming an initial fixed investment of $100) for the fiscal years ending December 31, 2025, 2024, 2023 and 2022.
Financial Performance Measures
The two items listed below represent the financial performance measures that the Company believes are most important in linking compensation actually paid to our NEOs to company performance during 2025.
| ● | Return on average equity (calculated as net income divided by average shareholders’ equity) |
| ● | Net income |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.