MetroCity Bankshares CEO Nack Paek's 2020 pay jumps 27% to $1.7M
MetroCity Bankshares reports 2020 executive compensation
By ExecPay News
Published: April 16, 2021
MetroCity Bankshares reported fiscal year 2020 executive compensation information on April 16, 2021.
In 2020, three executives at MetroCity Bankshares received on average a compensation package of $1.6M, a 26% increase compared to previous year.
Average pay of disclosed executives at MetroCity Bankshares
Nack Y. Paek, Chief Executive Officer, received $1.7M in total, which increased by 27% compared to 2019. 43% of Paek's compensation, or $738K, was in non-equity incentive plan. Paek also received $369K in salary, $607K in stock awards, as well as $11K in other compensation.
Farid Tan, Chief Financial Officer, received a compensation package of $1.7M, which increased by 27% compared to previous year. 43% of the compensation package, or $738K, was in non-equity incentive plan.
Howard Hwasaeng Kim, Chief Operating Officer, earned $1.5M in 2020, a 23% increase compared to previous year.
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Source: SEC filing on April 16, 2021.