MetroCity Bankshares CEO Nack Paek's 2019 pay falls 42% to $1.4M

MetroCity Bankshares reports 2019 executive compensation

By ExecPay News

Published: April 17, 2020

MetroCity Bankshares reported fiscal year 2019 executive compensation information on April 17, 2020.
In 2019, three executives at MetroCity Bankshares received on average a compensation package of $1.3M, a 41% decrease compared to previous year.
Average pay of disclosed executives at MetroCity Bankshares
Nack Y. Paek, Chief Executive Officer, received $1.4M in total, which decreased by 42% compared to 2018. 54% of Paek's compensation, or $738K, was in non-equity incentive plan. Paek also received $369K in salary, $239K in stock awards, as well as $11K in other compensation.
Farid Tan, Chief Financial Officer, received a compensation package of $1.4M, which decreased by 42% compared to previous year. 54% of the compensation package, or $738K, was in non-equity incentive plan.
Howard Hwasaeng Kim, Chief Operating Officer, earned $1.2M in 2019, a 38% decrease compared to previous year.

Related executives

Nack Paek

MetroCity Bankshares

Chief Executive Officer

Farid Tan

MetroCity Bankshares

President

Howard Kim

MetroCity Bankshares

Chief Operating Officer

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Source: SEC filing on April 17, 2020.