HANMI FINANCIAL CORP·4/A

Apr 6, 4:58 PM ET

LEE BONITA 4/A

Research Summary

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Updated

Hanmi Financial CEO Bonita Lee Receives Award; Sells for Taxes

What Happened
Bonita Lee, President & CEO of Hanmi Financial Corp. (HAFC), had 22,260 restricted shares vest on March 26, 2026 (an award/vesting). To satisfy tax withholding, 12,909 of those shares were surrendered/disposed on the same date in two transactions (2,391 shares for $62,955 and 10,518 shares for $276,939), totaling $339,894. The award was reported as acquired at $0 (award/grant); at the reported transaction price of $26.33 the vested shares were worth about $586,106. Net from the vesting and withholding, Lee’s position increased by 9,351 shares (22,260 vested − 12,909 withheld).

Key Details

  • Transaction date: March 26, 2026.
  • Award/acquisition: 22,260 shares (code A) reported at $0 acquisition price; vesting resulted from performance payout (120% of target).
  • Withholding/disposals: 2,391 shares @ $26.33 = $62,955 and 10,518 shares @ $26.33 = $276,939 (code F - tax withholding); total disposed ≈ $339,894.
  • Net change from these events: +9,351 shares.
  • Footnote: Original grant (Mar 10, 2023) was for 18,550 RSUs; performance criteria for the three-year period were met and certified 3/26/2026, yielding a 120% payout (22,260 shares).
  • Filing: This is an amended Form 4 (amendment noted in filing). The filing does not state "shares owned after transaction" in the provided summary.

Context

  • This was a standard restricted stock vesting with shares withheld to cover tax obligations (code F), not an open-market sale or purchase signal. Such tax-withholding dispositions are routine and do not necessarily indicate a change in the insider’s view of the company.
  • The award reflects a performance-based payout (120% of target), which is separate from any option exercise or open-market trading.