Cathay General Bancorp (CATY) EVP Albert Sun Receives 6,299 RSU Award

What Happened Albert Sun, EVP and Chief Credit Officer of Cathay General Bancorp (CATY), received three grants of restricted stock units (RSUs) on 2026-06-26 totaling 6,299 RSUs (1,646 + 1,551 + 3,102). These are awards (transaction code A) and are derivative awards that do not have a purchase price listed (N/A) and do not represent immediately vested shares or cash.

Key Details

• Transaction date: 2026-06-26; Form 4 filed 2026-06-30 (filed within the required reporting window).
• Award totals: 6,299 RSUs granted (1,646; 1,551; 3,102).
• Price/Value: N/A on the Form 4 (no dollar amount reported).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes:
  • F1: Each RSU is a contingent right to one share at vesting; actual units earned may 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 Dec 31, 2028 (subject to continued employment), but may vest earlier in cases of death, disability, retirement after Dec 31, 2027, or a change in control; final payout depends on performance metrics.
• Transaction type: Award of performance-based RSUs (derivative grant), not an open-market purchase or sale.

Context

• RSU grants are compensation, not an immediate market buy or sell; they become common shares only if and when they vest and performance/service conditions are met.
• Because these are performance-based awards (potentially 0–150% of target), the eventual number of shares and total value are uncertain until performance is measured.