4//SEC Filing
Malone David P 4
Accession 0000950170-24-033877
CIK 0001128361other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 8:30 PM ET
Size
16.3 KB
Accession
0000950170-24-033877
Insider Transaction Report
Form 4
HOPE BANCORP INCHOPE
Malone David P
Director
Transactions
- Exercise/Conversion
Common Stock
2024-03-15$10.77/sh+6,810$73,344→ 111,883 total - Exercise/Conversion
Common Stock
2024-03-15$10.77/sh+2,542$27,377→ 114,425 total - Exercise/Conversion
Performance-based Restricted Stock Units
2024-03-15$10.77/sh−2,269$24,437→ 0 total→ Common Stock (2,269 underlying) - Exercise/Conversion
Performance-based Restricted Stock Units
2024-03-15$10.77/sh−4,540$48,896→ 0 total→ Common Stock (4,540 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units
2024-03-15$10.77/sh−4,540$48,896→ 0 total→ Common Stock (4,540 underlying)
Holdings
- 20,000
Incentive Stock Option (right to buy)
Exercise: $17.18Exp: 2026-09-01→ Common Stock (20,000 underlying)
Footnotes (5)
- [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.
- [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.
- [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.
- [F4]Represents the forfeiture of PRSU granted to the reporting person on May 19, 2021 that were eligible to vest based on certain financial performance objectives.
- [F5]Non-qualified stock options were granted on September 1, 2016 pursuant to the 2016 ICP, formerly known as the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan. These options were fully vested as of September 1, 2018.
Documents
Issuer
HOPE BANCORP INC
CIK 0001128361
Entity typeother
Related Parties
1- filerCIK 0001680721
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 8:30 PM ET
- Size
- 16.3 KB