LEE BONITA 4
Research Summary
AI-generated summary
Hanmi Financial (HAFC) CEO Bonita Lee Receives Award; Withholds Shares
What Happened
Bonita Lee, President & CEO of Hanmi Financial Corp. (HAFC), had 22,260 restricted shares vest on March 26, 2026 (a performance-based award). To satisfy tax withholding, 11,156 of those shares were surrendered/disposed at $26.33 per share (two withholding dispositions totaling $293,737). The gross value of the vested shares was about $586,106 based on the $26.33 per-share price, leaving a net increase of 11,104 shares retained by Lee.
Key Details
- Transaction date: March 26, 2026. Withholding dispositions at $26.33/share.
- 22,260 shares granted/vested (Code A; acquisition)
- 2,391 shares surrendered for tax withholding at $26.33 ($62,955)
- 8,765 shares surrendered for tax withholding at $26.33 ($230,782)
- Combined withholding proceeds: $293,737
- Net shares added to holdings from the vesting: 22,260 − 11,156 = 11,104 shares.
- Footnote: These shares stem from an 03/10/2023 performance-based restricted stock award; performance targets for the three-year period were met and certified on 03/26/2026, triggering a 120% payout (22,260 shares).
- Filing: Form 4 filed 2026-03-30 for the 2026-03-26 transactions — filed within the standard 2 business-day window.
- Shares owned after the transaction: not specified in the provided filing summary.
Context
This was a performance-based restricted stock vesting (award), not an open-market purchase or a voluntary sale. The disposals reported under Code F are tax-withholding actions (common when RSUs vest), not necessarily a signal of a decision to sell stock for investment reasons. The net effect is an increase in the CEO’s holdings by 11,104 shares.