Form 4 for HOPE HOPE BANCORP INC
Accepted 2024-03-19 00:00:00 ET · period of report 2024-03-15 · accession 0000950170-24-033877 · 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 | Malone David P | Dir | M - OptEx | $10.77 | +9,352 | 114.4K | +9% | +$100.7K |
| D | 2024-03-19 | 2024-03-15 | HOPE | Malone David P | Dir | D - Sale to Iss | $10.77 | -4,540 | 0 | -100% | -$48.9K |
| DM | 2024-03-19 | 2024-03-15 | HOPE | Malone David P | Dir | M - OptEx | $10.77 | -6,809 | 0 | -100% | -$73.3K |
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 | M | A | 6,810 | $10.77 | 111,883 | D | — | — | |
| 2 | Common | Common Stock | 2024-03-15 | M | A | 2,542 | $10.77 | 114,425 | D | — | — | |
| 3 | Derivative | Performance-based Restricted Stock Units | 2024-03-15 | D | D | 4,540 | $10.77 | 0 | D | — · — to — | 4,540 Common Stock | (F3) 4,540 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. |
| 4 | Derivative | Performance-based Restricted Stock Units | 2024-03-15 | M | D | 4,540 | $10.77 | 0 | D | — · — to — | 4,540 Common Stock | (F2) 4,540 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. |
| 5 | Derivative | Performance-based Restricted Stock Units | 2024-03-15 | M | D | 2,269 | $10.77 | 0 | D | — · — to — | 2,269 Common Stock | (F1) 2,269 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. |