MetroCity Bankshares CEO Nack Paek's 2022 pay jumps 39% to $2.3M
MetroCity Bankshares reports 2022 executive compensation
By ExecPay News
Published: April 13, 2023
MetroCity Bankshares reported fiscal year 2022 executive compensation information on April 13, 2023.
In 2022, three executives at MetroCity Bankshares received on average a compensation package of $2.2M, a 38% increase compared to previous year.
Average pay of disclosed executives at MetroCity Bankshares
Nack Y. Paek, Chief Executive Officer, received $2.3M in total, which increased by 39% compared to 2021. 44% of Paek's compensation, or $1M, was in stock awards. Paek also received $850K in non-equity incentive plan and $425K in salary.
Farid Tan, President, received a compensation package of $2.3M, which increased by 39% compared to previous year. 44% of the compensation package, or $1M, was in stock awards.
Howard Hwasaeng Kim, Chief Operating Officer, earned $1.9M in 2022, a 34% increase compared to previous year.
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Source: SEC filing on April 13, 2023.