Kim Kevin Sung 4

Accession 0000950170-25-036933

CIK 0001128361other

View on SEC.gov Company Profile

Filed

Mar 10, 8:00 PM ET

Accepted

Mar 11, 12:00 PM ET

Size

28.3 KB

Accession

0000950170-25-036933

Insider Transaction Report

Form 4

Period: 2025-03-07

HOPE BANCORP INCHOPE

Kim Kevin Sung

Director

Transactions

Exercise/Conversion
Performance-based Restricted Stock Units
2025-03-07$10.57/sh−9,771$103,279→ 0 total
→ Common Stock (9,771 underlying)
Exercise/Conversion
Performance-based Restricted Stock Units
2025-03-07$10.57/sh−19,541$206,548→ 0 total
→ Common Stock (19,541 underlying)
Tax Payment
Common Stock
2025-03-07$10.57/sh−12,306$130,074→ 931,790 total
Exercise/Conversion
Common Stock
2025-03-07$10.57/sh+34,393$363,534→ 944,096 total
Disposition to Issuer
Performance-based Restricted Stock Units
2025-03-07$10.57/sh−19,541$206,548→ 0 total
→ Common Stock (19,541 underlying)

Holdings

Performance-based Restricted Stock Units
→ Common Stock (32,506 underlying)
32,506
Performance-based Restricted Stock Units
→ Common Stock (27,249 underlying)
27,249
Performance-based Restricted Stock Units
→ Common Stock (27,249 underlying)
27,249
Performance-based Restricted Stock Units
→ Common Stock (32,506 underlying)
32,506
Incentive Stock Option (right to buy)
Exercise: $17.18Exp: 2026-09-01→ Common Stock (60,000 underlying)
60,000
Performance-based Restricted Stock Units
→ Common Stock (13,624 underlying)
13,624
Employee Stock Option (right to buy)
Exercise: $16.12Exp: 2026-05-26→ Common Stock (30,660 underlying)
30,660

Footnotes (12)

[F1]Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
[F10]19,541 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.
[F11]19,541 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.
[F12]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.
[F2]32,506 performance-based RSUs ("PRSUs") 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.
[F3]32,506 PRSUs 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.
[F4]13,624 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.
[F5]27,249 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.
[F6]27,249 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.
[F7]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.
[F8]Non-qualified stock options granted on May 26, 2016 under the BBCN Bancorp Inc. 2007 Equity Incentive Plan. These options were fully vested as of April 11, 2019
[F9]9,771 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.

Documents

1 file

4
ownership.xmlPrimary
4

Issuer

HOPE BANCORP INC

CIK 0001128361

→

Entity typeother

Related Parties

filerCIK 0001445181

Filing Metadata

Form type: 4
Filed: Mar 10, 8:00 PM ET
Accepted: Mar 11, 12:00 PM ET
Size: 28.3 KB

View on SEC.gov