KIM JASON K 4

Accession 0001209191-23-021315

CIK 0001128361other

View on SEC.gov Company Profile

Filed

Mar 26, 8:00 PM ET

Accepted

Mar 27, 8:20 PM ET

Size

32.6 KB

Accession

0001209191-23-021315

Insider Transaction Report

Form 4

Period: 2023-03-22

HOPE BANCORP INCHOPE

KIM JASON K

EVP & Chief Lending Officer

Transactions

Award
Common Stock
2023-03-22$10.29/sh+7,771$79,964→ 98,498 total
Tax Payment
Common Stock
2023-03-23$9.80/sh−1,511$14,808→ 105,204 total
Award
Performance-based Restricted Stock Units
2023-03-22$10.29/sh+3,287$33,823→ 3,287 total
→ Common Stock (3,287 underlying)
Award
Common Stock
2023-03-22$10.29/sh+8,217$84,553→ 106,715 total
Award
Performance-based Restricted Stock Units
2023-03-22$10.29/sh+3,287$33,823→ 3,287 total
→ Common Stock (3,287 underlying)
Award
Performance-based Restricted Stock Units
2023-03-22$10.29/sh+1,643$16,906→ 1,643 total
→ Common Stock (1,643 underlying)

Holdings

Performance-based Restricted Stock Units
→ Common Stock (2,171 underlying)
2,171
Performance-based Restricted Stock Units
→ Common Stock (1,946 underlying)
1,946
Incentive Stock Option (right to buy)
Exercise: $17.18Exp: 2026-09-01→ Common Stock (30,000 underlying)
30,000
Common Stock
(indirect: By Spouse)
4,677
Performance-based Restricted Stock Units
→ Common Stock (1,086 underlying)
1,086
Performance-based Restricted Stock Units
→ Common Stock (972 underlying)
972
Performance-based Restricted Stock Units
→ Common Stock (2,171 underlying)
2,171
Performance-based Restricted Stock Units
→ Common Stock (1,946 underlying)
1,946

Footnotes (13)

[F1]Total 7,771 Restricted Stock Units ("RSU") were granted on March 22, 2023 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 3,885 shares will vest on March 22, 2024 and 3,886 shares will vest on March 21, 2025.
[F10]1,946 PRSU were granted on May 19, 2021 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, 2021 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.
[F11]1,946 PRSU were granted on May 19, 2021 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, 2021 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.
[F12]972 PRSU were granted on May 19, 2021 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, 2021 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.
[F13]Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. These options were fully vested as of September 1, 2021.
[F2]Total 8,217 RSU were granted on March 22, 2023 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and the 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,739 each will vest annually on March 22, 2024, March 21, 2025, and March 20, 2026.
[F3]Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
[F4]3,287 performance-based restricted stock units ("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.
[F5]3,287 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.
[F6]1,643 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.
[F7]2,171 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.
[F8]2,171 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.
[F9]1,086 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
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

HOPE BANCORP INC

CIK 0001128361

→

Entity typeother

Related Parties

filerCIK 0001452653

Filing Metadata

Form type: 4
Filed: Mar 26, 8:00 PM ET
Accepted: Mar 27, 8:20 PM ET
Size: 32.6 KB

View on SEC.gov