Abdul Mohdnor
About Abdul Mohdnor
Abdul Mohdnor is Executive Vice President and Chief Compliance Officer (CCO) of MetroCity Bankshares, Inc. and Metro City Bank, serving as CCO since October 2020, after roles as EVP & Compliance Manager (Oct 2018–Oct 2020) and SVP & Compliance Officer since the Bank’s inception in 2006; he is 55 years old and has 25+ years of financial institution regulatory compliance experience overseeing AML/CFT, sanctions, fair lending, operations, strategy, and administration . His education includes a Bachelor’s in Business Management (University of South Alabama), an MBA (Mercer University), and a Juris Master (Florida State University) . For 2024 context, company performance tied to incentive frameworks included ROAE of 16.16%, net income of $64.504 million, and TSR of $137.12 on a fixed $100 basis versus peer group $118.22 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Global Commerce Bank | Vice President & Compliance Officer | 2001–2005 | Compliance leadership preparing foundation for subsequent community bank CCO role |
| Metro City Bank / MCBS | Senior Vice President & Compliance Officer | 2006–2018 | Implemented and supervised overall compliance program including AML/CFT, sanctions, and fair lending |
| MCBS | Executive Vice President & Compliance Manager | Oct 2018–Oct 2020 | Advanced compliance risk management across operations and strategy |
| MCBS | Executive Vice President & Chief Compliance Officer | Oct 2020–present (as of Apr 15, 2025) | Leads enterprise compliance program across AML/CFT, sanctions, fair lending, operations, strategy, administration |
Fixed Compensation
| Year | Base Salary ($) | Bonus Paid ($) | All Other Compensation ($) | Total ($) |
|---|---|---|---|---|
| 2024 | 215,249 | 35,875 (annual employee bonus ≈ 16.7% of base; paid Dec 2024) | 15,170 (401(k) match) | 283,796 |
Performance Compensation
- Abdul does not participate in the Executive Incentive Bonus Plan (EIBP); instead he receives the employee-wide annual cash bonus and occasional restricted stock grants recommended by the CEO and approved by the Compensation Committee .
| Year | Grant Date | Shares Granted | Grant Date Fair Value ($) | Vesting Terms | Performance Metric |
|---|---|---|---|---|---|
| 2024 | 06/01/2024 | 710 | 17,502 | 25% on grant; remaining 25% on each of the first three anniversaries; accelerated upon change of control or death/disability | None (time-based RSU) |
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| EIBP (ROAE) – Abdul | N/A (not a participant) | N/A | N/A | N/A | N/A |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership (as of Apr 1, 2025) | 3,859 shares |
| Shares outstanding (for % calc) | 25,402,782 shares |
| Ownership as % of shares outstanding | ≈0.015% (3,859 / 25,402,782) |
| Options (exercisable/unexercisable) | None |
| Unvested restricted stock (12/31/2024) | 456 shares (50% vest 06/01/2025; 50% vest 06/01/2026) |
| Additional unvested restricted stock (12/31/2024) | 532 shares (33.3% vest each of 06/01/2025, 06/01/2026, 06/01/2027) |
| Restricted stock vested in 2024 | 406 shares; value realized $10,008 |
| Pledging/hedging policy | Prohibits hedging, short sales, derivatives, buying on margin, or using Company securities as collateral; pre-clearance and blackout periods apply |
| Stock ownership guidelines | Not disclosed |
Employment Terms
| Term | Abdul Mohdnor |
|---|---|
| Employment agreement | None (no employment agreement for Stewart or Mohdnor) |
| Severance provisions | Not applicable (no agreement) |
| Change-of-control economics | Acceleration of unvested restricted stock; value of accelerated equity awards estimated at $31,566 if acceleration occurred on 12/31/2024 (also applicable for death/disability) |
| Clawback provisions | Company clawback compliant with Nasdaq Rule 10D-1; recovery of erroneously awarded compensation upon financial restatement |
| Hedging/pledging | Prohibited (see policy above) |
| Non-compete / non-solicit | Not disclosed for Abdul (applies to executives with employment agreements; Abdul has none) |
Performance & Track Record (Company Context)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Compensation Actually Paid – CEO ($) | 2,310,067 | 2,917,839 | 3,137,679 |
| Compensation Actually Paid – Non-CEO NEO avg ($) | 2,136,699 | 2,681,878 | 1,596,699 (excludes Stewart & Mohdnor) |
| TSR – value of fixed $100 investment ($) | 80.75 | 115.36 | 137.12 |
| Peer group TSR – fixed $100 ($) | 88.17 | 110.50 | 118.22 |
| Net income ($) | 62,602,000 | 51,613,000 | 64,504,000 |
| ROAE (%) | 19.55% | 14.10% | 16.16% |
Governance & Risk Indicators
- Clawback policy is in place per Nasdaq Rule 10D-1; equity grant practices are aligned to annual cycle and not timed to MNPI releases .
- Insider trading policy imposes blackout periods and trade pre-clearance; prohibits hedging, margin purchases, and pledging Company securities .
- Section 16 compliance: Abdul inadvertently failed to file a timely Form 3 for holdings as of December 31, 2024, noted in the proxy’s delinquent filing disclosure .
Compensation Committee & Policies (Context)
- Compensation Committee (all independent) oversees executive compensation, risk assessments of compensation policies, and administration of equity plans; no compensation advisor engaged in 2024 .
- Executive Incentive Bonus Plan (EIBP) for top NEOs uses ROAE, with 2024 actual ROAE of 16.2% meeting the 15% target; Abdul does not participate in EIBP .
Investment Implications
- Alignment: Abdul’s compensation is modest, cash-heavy (base + standard employee bonus) with time-based RSUs; he is excluded from ROAE-linked EIBP, reducing direct pay-for-performance linkage relative to revenue/ROAE outcomes .
- Retention: Unvested RSUs vest through 2027 and accelerate on change-of-control/death/disability, providing retention incentives despite the absence of a personal employment agreement and severance .
- Trading pressure: No options and a strict anti-hedging/pledging policy suggest low forced-selling pressure and better alignment with long-term shareholders .
- Risk flags: A late Form 3 filing is an administrative lapse, but clawback and insider-trading controls mitigate broader governance risks; no related-party transactions disclosed involving Abdul .
- Execution context: Company performance (ROAE 16.16%, net income $64.5M, TSR outperformance vs peer group in 2024) supports compensation stability; however, Abdul’s incentives are largely time-based rather than performance-conditioned, which may limit high-powered motivational effects tied to strategic KPIs .