Form 4 for HOPE HOPE BANCORP INC
Accepted 2024-03-19 00:00:00 ET · period of report 2024-03-15 · accession 0000950170-24-033875 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-19 | 2024-03-15 | HOPE | Kim Kevin Sung | COB, Pres, CEO, Dir | F - Tax | $10.77 | -12.6K | 871.5K | -1% | -$135.5K |
| DM | 2024-03-19 | 2024-03-15 | HOPE | Kim Kevin Sung | COB, Pres, CEO, Dir | M - OptEx | $10.77 | +34.4K | 875.0K | +4% | +$370.5K |
| DM | 2024-03-19 | 2024-03-15 | HOPE | Kim Kevin Sung | COB, Pres, CEO, Dir | M - OptEx | $10.77 | -25.0K | 0 | -100% | -$269.8K |
| D | 2024-03-19 | 2024-03-15 | HOPE | Kim Kevin Sung | COB, Pres, CEO, Dir | D - Sale to Iss | $10.77 | -16.7K | 0 | -100% | -$179.8K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-03-15 | F | D | 9,092 | $10.77 | 865,645 | D | — | — | (F1) Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award. |
| 2 | Common | Common Stock | 2024-03-15 | M | A | 25,047 | $10.77 | 874,737 | D | — | — | |
| 3 | Common | Common Stock | 2024-03-15 | F | D | 3,493 | $10.77 | 871,506 | D | — | — | (F1) Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award. |
| 4 | Common | Common Stock | 2024-03-15 | M | A | 9,354 | $10.77 | 874,999 | D | — | — | |
| 5 | Derivative | Performance-based Restricted Stock Units | 2024-03-15 | M | D | 16,698 | $10.77 | 0 | D | — · — to — | 16,698 Common Stock | (F3) 16,698 PRSU were granted on May 19, 2021 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified absolute earnings per share in relation to the bank's stated budget over a 12- month period from January 1, 2021 through December 31, 2021. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded. |
| 6 | Derivative | Performance-based Restricted Stock Units | 2024-03-15 | D | D | 16,698 | $10.77 | 0 | D | — · — to — | 16,698 Common Stock | (F4) 16,698 PRSU were granted on May 19, 2021 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on common tangible equity in relation to the bank's stated peer group over a 12-quarter period from January 1, 2021 through December 31, 2023. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded. |
| 7 | Derivative | Performance-based Restricted Stock Units | 2024-03-15 | M | D | 8,351 | $10.77 | 0 | D | — · — to — | 8,351 Common Stock | (F2) 8,351 Performance-based Restricted Stock Units "PRSU" were granted on May 19, 2021 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the bank's stated peer group over a 12-quarter period from January 1, 2021 through December 31, 2023. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded. |