MetroCity Bankshares CEO Nack Paek's 2023 pay slips 4% to $2.2M
MetroCity Bankshares reports 2023 executive compensation
By ExecPay News
Published: April 12, 2024
MetroCity Bankshares reported fiscal year 2023 executive compensation information on April 12, 2024.
In 2023, three executives at MetroCity Bankshares received on average a compensation package of $2.1M, a 4% decrease compared to previous year.
Average pay of disclosed executives at MetroCity Bankshares
Nack Y. Paek, Chief Executive Officer, received $2.2M in total, which decreased by 4% compared to 2022. 47% of Paek's compensation, or $1M, was in stock awards. Paek also received $705K in non-equity incentive plan and $455K in salary.
Farid Tan, President, received a compensation package of $2.2M, which decreased by 4% compared to previous year. 47% of the compensation package, or $1M, was in stock awards.
Howard Hwasaeng Kim, Chief Operating Officer, earned $1.9M in 2023, a 4% decrease compared to previous year.
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Source: SEC filing on April 12, 2024.