Form 4 for HOPE HOPE BANCORP INC
Accepted 2025-03-11 00:00:00 ET · period of report 2025-03-07 · accession 0000950170-25-036930 · 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 | 2025-03-11 | 2025-03-07 | HOPE | Stenger Thomas | CRO, SEVP | M - OptEx | $10.57 | +3,386 | 22.7K | +18% | +$35.8K |
| D | 2025-03-11 | 2025-03-07 | HOPE | Stenger Thomas | CRO, SEVP | F - Tax | $10.57 | -1,730 | 20.9K | -8% | -$18.3K |
| DM | 2025-03-11 | 2025-03-07 | HOPE | Stenger Thomas | CRO, SEVP | M - OptEx | $10.57 | -2,885 | 0 | -100% | -$30.5K |
| D | 2025-03-11 | 2025-03-07 | HOPE | Stenger Thomas | CRO, SEVP | D - Sale to Iss | $10.57 | -1,923 | 0 | -100% | -$20.3K |
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 | 2025-03-07 | M | A | 3,386 | $10.57 | 22,653 | D | — | — | |
| 2 | Common | Common Stock | 2025-03-07 | F | D | 1,730 | $10.57 | 20,923 | D | — | — | (F1) Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award. |
| 3 | Derivative | Performance-based Restricted Stock Units | 2025-03-07 | M | D | 1,923 | $10.57 | 0 | D | — · — to — | 1,923 Common Stock | (F8) 1,923 PRSU were granted on March 23, 2022 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, 2022 through December 31, 2022. 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 | 2025-03-07 | M | D | 962 | $10.57 | 0 | D | — · — to — | 962 Common Stock | (F7) 962 PRSU were granted on March 23, 2022 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, 2022 through December 31, 2024. 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 | 2025-03-07 | D | D | 1,923 | $10.57 | 0 | D | — · — to — | 1,923 Common Stock | (F10) Represents the forfeiture of PRSU granted to the reporting person on March 23, 2022 that were eligible to vest based on certain financial performance objectives. (F9) 1,923 PRSU were granted on March 23, 2022 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, 2022 through December 31, 2024. 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. |