InsiderTrades

Form 4 for HOPE HOPE BANCORP INC

Accepted 2023-03-27 00:00:00 ET · period of report 2023-03-22 · accession 0001209191-23-021308 · 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 2023-03-27 2023-03-22 HOPE Stenger Thomas CRO, SEVP A - Grant $10.29 +15.1K 39.5K +62% +$155.8K
D 2023-03-27 2023-03-23 HOPE Stenger Thomas CRO, SEVP F - Tax $9.80 -1,780 45.1K -4% -$17.4K
DM 2023-03-27 2023-03-22 HOPE Stenger Thomas CRO, SEVP A - Grant $10.29 +7,352 2,941 New +$75.7K

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2023-03-22 A A 7,352 $10.29 46,844 D — — (F2) Total 7,352 RSU were granted on March 22, 2023 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and the 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,450 will vest on March 22, 2024, and 2,451 shares each will vest annually on March 21, 2025, and March 20, 2026.
2 Common Common Stock 2023-03-23 F D 1,780 $9.80 45,064 D — — (F3) Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
3 Common Common Stock 2023-03-22 A A 7,793 $10.29 39,492 D — — (F1) Total 7,793 Restricted Stock Units ("RSU") were granted on March 22, 2023 pursuant to the Hope Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 3,896 shares will vest on March 22, 2024 and 3,897 shares will vest on March 21, 2025.
4 Derivative Performance-based Restricted Stock Units 2023-03-22 A A 1,470 $10.29 1,470 D — · — to — 1,470 Common Stock (F6) 1,470 PRSU were granted on March 22, 2023 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, 2023 through December 31, 2025. 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 2023-03-22 A A 2,941 $10.29 2,941 D — · — to — 2,941 Common Stock (F4) 2,941 performance-based restricted stock units ("PRSU") were granted on March 22, 2023 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, 2023 through December 31, 2025. 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 2023-03-22 A A 2,941 $10.29 2,941 D — · — to — 2,941 Common Stock (F5) 2,941 PRSU were granted on March 22, 2023 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, 2023 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.