Form 4 for HOPE HOPE BANCORP INC
Accepted 2023-03-17 00:00:00 ET · period of report 2023-03-15 · accession 0001209191-23-019928 · 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 | 2023-03-17 | 2023-03-15 | HOPE | Malone David P | Interim CFO, Dir | M - OptEx | $10.36 | +15.7K | 106.1K | +17% | +$162.5K |
| D | 2023-03-17 | 2023-03-15 | HOPE | Malone David P | Interim CFO, Dir | F - Tax | $10.36 | -5,752 | 100.3K | -5% | -$59.6K |
| DM | 2023-03-17 | 2023-03-15 | HOPE | Malone David P | Interim CFO, Dir | M - OptEx | $10.68 | -20.5K | 0 | -100% | -$218.9K |
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 | 2023-03-15 | M | A | 15,683 | $10.36 | 106,074 | D | — | — | (F1) Represents performance-based restricted stock units "PRSU" described in footnote 6 and 7. Total 15,683 shares vested and 4,817 shares were forfeited. |
| 2 | Common | Common Stock | 2023-03-15 | F | D | 5,752 | $10.36 | 100,322 | D | — | — | (F2) 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 | 2023-03-15 | M | D | 10,250 | $10.68 | 0 | D | — · — to — | 10,250 Common Stock | (F7) 10,250 PRSU were granted on April 22, 2020 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 average assets in relation to the KRX Index over an 11-quarter period from April 1, 2020 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 | 2023-03-15 | M | D | 10,250 | $10.68 | 0 | D | — · — to — | 10,250 Common Stock | (F6) 10,250 PRSU were granted on April 22, 2020 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 KRX Index over an 11-quarter period from April 1, 2020 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. |