Form 4 for HOPE HOPE BANCORP INC
Accepted 2024-07-23 00:00:00 ET · period of report 2024-07-19 · accession 0000950170-24-085826 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-07-23 | 2024-07-19 | HOPE | Campbell Craig Lewis | EVP, Chief Corp Banking Ofr | A - Grant | $12.69 | +9,210 | 51.1K | +22% | +$116.9K |
| DM | 2024-07-23 | 2024-07-19 | HOPE | Campbell Craig Lewis | EVP, Chief Corp Banking Ofr | A - Grant | — | +9,210 | 4,605 | New | — |
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 | 2024-07-19 | A | A | 9,210 | $12.69 | 51,070 | D | — | — | (F1) Total 9,210 Restricted Stock Units ("RSU") were granted on July 19, 2024 pursuant to the Hope Bancorp, Inc. 2024 Equity Incentive Plan ("2024 EIP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 3,070 shares will each vest on July 21, 2025, March 20, 2026 and March 22, 2027. |
| 2 | Derivative | Performance-based Restricted Stock Units | 2024-07-19 | A | A | 4,605 | — | 4,605 | D | — · — to — | 4,605 Common Stock | (F2) 4,605 performance-based RSUs ("PRSU") were granted on July 19, 2024 pursuant to the 2024 IEP and subject to cliff vesting following completion of a 3-year performance period. Vesting of these PRSU shares depends upon Hope's achievement of a specified absolute return on average tangible common equity. 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. |
| 3 | Derivative | Performance-based Restricted Stock Units | 2024-07-19 | A | A | 4,605 | — | 4,605 | D | — · — to — | 4,605 Common Stock | (F3) 4,605 PRSU were granted on July 19, 2024 pursuant to the 2024 IEP and subject to cliff vesting following a three-year performance period. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over 12 quarter period from January 1, 2024 through December 31, 2026. 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. |