4//SEC Filing
Van Hung Quoc 4
Accession 0001209191-20-025723
CIK 0001128361other
Filed
Apr 23, 8:00 PM ET
Accepted
Apr 24, 7:57 PM ET
Size
21.4 KB
Accession
0001209191-20-025723
Insider Transaction Report
Form 4
HOPE BANCORP INCHOPE
Van Hung Quoc
EVP, Chief Information Officer
Transactions
- Award
Performance-based Restricted Stock Units
2020-04-22+3,750→ 3,750 total→ Common Stock (3,750 underlying) - Award
Time-based Restricted Stock Units
2020-04-22+7,500→ 7,500 total→ Common Stock (7,500 underlying) - Award
Performance-based Restricted Stock Units
2020-04-22+3,750→ 3,750 total→ Common Stock (3,750 underlying)
Holdings
- 1,627
Common Stock
- 10,800
Time-Based Restricted Stock Units
→ Common Stock (10,800 underlying) - 3,678
Performance-based Restricted Stock Units
→ Common Stock (3,678 underlying) - 3,677
Performance-based Restricted Stock Units
→ Common Stock (3,677 underlying) - 7,355
Time-based Restricted Stock Units
→ Common Stock (7,355 underlying) - 7,436
Time-based Restricted Stock Units
→ Common Stock (7,436 underlying)
Footnotes (8)
- [F1]Total 7,500 Restricted Stock Units ("RSU") were granted on April 22, 2020 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and the Hope Bancorp, Inc. 2020 Incentive Compensation Plan ("2020 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,500 shares each will vest annually on April 22, 2021, 2022, and 2023.
- [F2]3,750 performance-based restricted stock units ("PRSU") were granted on April 22, 2020 pursuant to the 2017 LTIP and 2020 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 KRX Index over an 11-quarter period from April 1, 2020 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.
- [F3]3,750 PRSU were granted on April 22, 2020 pursuant to the 2017 LTIP and 2020 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 average assets in relation to the KRX Index over an 11-quarter period from April 1, 2020 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.
- [F4]Total 7,436 RSU were granted on March 6, 2020 pursuant to the Hope Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 3,718 shares each will vest annually on March 6, 2021 and 2022.
- [F5]Total 7,355 RSU were granted on May 23, 2019 pursuant to the 2017 LTIP and 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,451 shares will vest on May 23, 2020, and 2,452 shares each will vest annually on May 2021, and 2022.
- [F6]3,678 PRSU were granted on May 23, 2019 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 average assets in relation to the KRX Index during the 11-quarter period from April 1, 2019 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.
- [F7]3,677 PRSU were granted on May 23, 2019 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 KRX Index over an 11-quarter period from April 1, 2019 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.
- [F8]Total 13,500 RSU were granted on May 2, 2018 pursuant to the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan ("2016 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,700 shares each will vest annually over five years beginning May 24, 2019.
Documents
Issuer
HOPE BANCORP INC
CIK 0001128361
Entity typeother
Related Parties
1- filerCIK 0001777549
Filing Metadata
- Form type
- 4
- Filed
- Apr 23, 8:00 PM ET
- Accepted
- Apr 24, 7:57 PM ET
- Size
- 21.4 KB