TEO GARY 4

What Happened

• Gary Teo, Executive Vice President of East West Bancorp (EWBC), had 29 Time‑Based Restricted Stock Units convert to common shares (exercise/conversion, code M) on January 23, 2026. The company withheld 12 of those shares to cover tax obligations (code F), valued at $111.35 per share for a withholding total of $1,336. Net shares retained by Teo from this vesting = 17 shares (29 acquired − 12 withheld).
• These RSUs were originally granted on January 23, 2023 with full cliff vesting after three years under the issuer’s Spirit of Ownership stock program.

Key Details

• Transaction date: 2026-01-23; filing date (Form 4): 2026-01-26 (timely filing).
• Shares acquired via conversion: 29 shares at $0.00 exercise price (code M).
• Shares disposed/withheld for taxes: 12 shares at $111.35 = $1,336 (code F); withholding amount based on closing price on 2026-01-23 per footnote.
• Net new shares retained: 17 shares.
• Footnotes: F1 — RSUs granted 1/23/2023 with cliff vesting 1/23/2026; F2 — shares withheld to pay tax liability based on closing price.
• Filing did not report total shares owned after the transaction in the provided extract.

Context

• This was a routine vesting of RSUs (conversion to shares), not an open-market purchase or targeted sale. The withholding of shares to satisfy taxes is common and does not necessarily indicate a change in insider sentiment.
• Code explanation: M = exercise or conversion of a derivative/security (here, RSUs converting to common stock); F = shares withheld to cover tax obligations.