MetroCity Bankshares CEO Nack Paek's 2021 pay slips 5% to $1.6M
MetroCity Bankshares reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
MetroCity Bankshares reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, three executives at MetroCity Bankshares received on average a compensation package of $1.6M, a 4% decrease compared to previous year.
Average pay of disclosed executives at MetroCity Bankshares
Nack Y. Paek, Chief Executive Officer, received $1.6M in total, which decreased by 5% compared to 2020. 52% of Paek's compensation, or $850K, was in non-equity incentive plan. Paek also received $425K in salary and $360K in stock awards.
Farid Tan, President, received a compensation package of $1.6M, which decreased by 5% compared to previous year. 52% of the compensation package, or $850K, was in non-equity incentive plan.
Howard Hwasaeng Kim, Chief Operating Officer, earned $1.4M in 2021, a 1% decrease compared to previous year.
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Source: SEC filing on April 14, 2022.