Cathay General Bancorp (CATY) Executive Chairman Cheng Dunson Receives Award

What Happened Cheng Dunson K, Executive Chairman and a director of Cathay General Bancorp (CATY), was granted a total of 18,654 restricted stock units (RSUs) in three award entries on June 26, 2026 (4,875; 4,593; and 9,186 units). These are derivative awards (no per-share purchase price is reported) and represent contingent rights to receive common stock if/when the RSUs vest.

Key Details

• Transaction date: 2026-06-26; Form 4 filed 2026-06-30 (filed within the Form 4 two-business-day window).
• Awards: 4,875 RSUs, 4,593 RSUs, and 9,186 RSUs — total 18,654 RSUs. No exercise/market price is reported (N/A).
• Vesting and payout: RSUs are performance-based and convertible to one share each upon vesting. The number earned can be reduced up to 100% or increased up to 150% depending on performance metrics.
• Vesting schedule: These units are scheduled to vest in a single installment on December 31, 2028, subject to continued employment; may vest earlier on death, disability, retirement after 12/31/2027, or change in control, with final payouts tied to performance results.
• Shares owned after the transaction: not specified in this filing.

Context This filing documents an equity award (not an open-market buy or sale). RSU grants are a common compensation tool aligning executives with shareholder performance; they do not immediately change market holdings until they vest and convert to shares. Because these RSUs are performance-contingent, the final number of shares to be received could be materially higher or lower than the target amount depending on future results.