NG DOMINIC 4
4 · EAST WEST BANCORP INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
East West Bancorp (EWBC) CEO Dominic Ng Receives Award, Sells Shares
What Happened
- Dominic Ng, CEO of East West Bancorp (EWBC), received 106,305 shares on March 1, 2026 as the settlement of performance-based restricted stock units (PBRSUs). To cover tax withholding on the vesting, 51,341 shares were withheld/disposed at $109.45 per share, generating approximately $5,619,272. Net new shares retained from the vesting were 54,964 (106,305 received − 51,341 withheld). Transaction codes: A = award/acquisition; F = tax withholding.
Key Details
- Transaction date(s): March 1, 2026 (report filed 2026-03-03; Period of Report 2026-03-01).
- Prices/values: Withheld 51,341 shares at $109.45 = $5,619,272. Awarded 106,305 shares @ $0.00 (vested PBRSUs).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — PBRSUs originally granted March 1, 2023 fully vested after three years; 179.1% of the original grant was earned, so 106,305 shares vested. F2 — Shares withheld for taxes; because March 1, 2026 was a Sunday, the withholding used the issuer’s Feb 27, 2026 closing price.
- Filing timeliness: No late filing indicated in the supplied data.
Context
- This was not an open-market sale for cash gain but routine settlement of performance-based equity and automatic share withholding to satisfy tax obligations. Vesting was above target (179.1% of the original grant), resulting in a larger-than-expected share issuance. For investors, awards and related tax-withholdings are administrative and reflect compensation outcomes rather than an executive selling shares on market conviction.
Insider Transaction Report
Form 4
NG DOMINIC
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-03-01+106,305→ 914,636 total - Tax Payment
Common Stock
[F2]2026-03-01$109.45/sh−51,341$5,619,272→ 863,295 total
Holdings
- 7,776(indirect: 401 (k) Plan)
Common Stock
Footnotes (2)
- [F1]Performance-Based Restricted Stock Units granted on March 1, 2023 fully vest in three years. Number of vested units depends on meeting pre-established performance criteria. As of March 1, 2026, 179.1% of the units granted on March 1, 2023 were earned and vested. On the settlement date, for each vested Performance-Based Restricted Stock Unit, the reporting person received one share of Common Stock.
- [F2]Shares withheld for payment of tax liability in connection with the vesting of Performance-Based Restricted Stock Units. Since March 1, 2026 was a Sunday, the number of shares withheld was based on the closing price of the issuer's common stock on February 27, 2026.
Signature
/s/ Louisa Wang, as Attorney-in-fact|2026-03-02