Wang Albert Jen-Wen 4

What Happened

• Albert Jen‑Wen Wang, Chief Financial Officer of Cathay General Bancorp (CATY), received awards of restricted stock units (RSUs) reported on a Form 4 dated June 30, 2026 for transactions on June 26, 2026. The grants total 12,004 RSUs (1,663 + 1,567 + 3,134 + 5,640). One grant was reported with a $0.00 price; the RSUs are derivative awards that convert to common shares only if/when they vest.

Key Details

• Transaction date: June 26, 2026; Form 4 filed June 30, 2026 (filed within the required reporting window).
• Total RSUs granted: 12,004.
• Reported price: most entries listed as N/A; one entry listed at $0.00.
• Shares owned after the transaction: not specified in the supplied filing details.
• Notable footnotes from the filing:
  • RSUs represent a contingent right to receive one share of common stock on vesting and are derivative awards.
  • Some RSUs are performance‑based and can be reduced (to 0%) or increased (up to 150%) based on performance metrics.
  • Vesting schedules vary: some awards vest on December 31, 2028 (subject to performance and continued employment); some vest in two equal annual installments beginning June 26, 2027; one grant vests September 8, 2026 and was originally granted December 8, 2025 but was inadvertently omitted from an earlier Form 3.
  • Awards may vest earlier in the event of death, disability, retirement (subject to dates noted), or change in control.

Context

• These are compensation awards, not open‑market purchases or sales. RSUs are conditional—holders do not receive shares (or the ability to sell them) until vesting conditions are met.
• Performance adjustments and varying vesting schedules mean the final number of shares that convert from these RSUs could be higher or lower than the target amounts reported.