Deen Diana G. 4
4 · CATHAY GENERAL BANCORP · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Cathay General Bancorp (CATY) EVP Diana Deen Receives Restricted Stock Award
What Happened Diana G. Deen, EVP and Chief Risk Officer of Cathay General Bancorp (CATY), received awards of restricted stock units (RSUs) on 2026-06-26 totaling 6,904 RSUs (three grants: 1,804; 1,700; 3,400). The Form 4 reports these as derivative awards with no price per share (N/A) because they are contingent rights to receive common stock upon vesting.
Key Details
- Transaction date: 2026-06-26; Form 4 filed 2026-06-30 (filed within the typical 2-business-day reporting window).
- Transaction type/code: A (Grant/Award) — derivative/RSU awards; price listed as N/A.
- Grant breakdown: 1,804 RSUs, 1,700 RSUs, and 3,400 RSUs (total = 6,904 RSUs).
- Shares owned after transaction: Not specified in the filing excerpt provided.
- Footnotes of note:
- F1: Each RSU represents a contingent right to one share at vesting; awards can be reduced to 0% or increased up to 150% of target based on performance.
- F2: These RSUs are scheduled to vest in a single installment on December 31, 2028, subject to continued employment, but may vest earlier in limited events (death, disability, certain retirements after 12/31/2027, or change in control), with final payout dependent on performance metrics.
Context These are time- and performance-based compensation awards, not open-market purchases or sales. The RSUs will only convert into actual shares if vesting and performance conditions are met, so they are not an immediate transfer of stock or cash. Such grants are common executive compensation and should be interpreted as forthcoming potential equity, not a direct insider buy or sell signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-06-26+1,804→ 1,804 total→ Common Stock (1,804 underlying) - Award
Restricted Stock Units
[F1][F2]2026-06-26+1,700→ 1,700 total→ Common Stock (1,700 underlying) - Award
Restricted Stock Units
[F1][F2]2026-06-26+3,400→ 3,400 total→ Common Stock (3,400 underlying)
- 0
Common Stock
Footnotes (2)
- [F1]Each restricted stock unit represented a contingent right to receive one share of Common Stock upon vesting. The number of restricted stock units that are earned can be reduced by up to 100% of the target award or increased by up to 150% of the target award, depending upon the achievement of certain performance criteria.
- [F2]These restricted stock units are scheduled to vest in a single installment on December 31, 2028, subject to continued employment, but may vest to some extent earlier in the event of death, disability, retirement after December 31, 2027 or a change in control, with the number of units earned being based on the achievement of certain performance criteria.