HOPE CEO Kevin Sung Receives RSU Award

What Happened

• Kevin Sung, Chairman & CEO of Hope Bancorp, was granted 79,912 Restricted Stock Units (RSUs) on April 14, 2026. The grant is reported at $10.84 per share for a total grant value of $866,246. RSUs are an award/award-type acquisition (transaction code A) representing a contingent right to receive one share of Hope common stock per RSU when vested.

Key Details

• Transaction date: April 14, 2026; Filing date (Form 4): April 16, 2026.
• Grant size and value: 79,912 RSUs at $10.84 each = $866,246 (reported value).
• Vesting schedule (per footnote): 26,637 RSUs vest on April 14, 2027; 26,637 RSUs vest on March 21, 2028; 26,638 RSUs vest on March 21, 2029.
• Shares owned after transaction: Not specified in the filing.
• Other footnotes: The filing also references older non‑qualified stock options (grants from 2016) that were fully vested previously; these are existing option holdings, not part of this RSU grant.
• Tax withholding or 10b5-1 plan: None disclosed in the filing.
• Timeliness: Form 4 was filed two days after the grant (April 16, 2026), consistent with the standard 2-business‑day reporting requirement.

Context

• RSUs are granted to executives as deferred compensation and convert to actual shares only when they vest; this award is not an immediate open‑market purchase or sale.
• Such awards are common for executive compensation and don't by themselves indicate immediate buying or selling intent. The vesting schedule ties the economic benefit to continued service through 2029.