TEO GARY 4
Research Summary
AI-generated summary
East West Bancorp (EWBC) EVP Gary Teo Sells 7,000 Shares
What Happened
Gary Teo, Executive Vice President of East West Bancorp (EWBC), sold 7,000 shares in an open-market/private sale on February 6, 2026. The shares were disposed at a weighted average price of $122.5944 per share (reported as $122.59), for total proceeds of approximately $858,130. This transaction is a sale (S), not a purchase or option exercise.
Key Details
- Transaction date: 2026-02-06
- Transaction type: Sale (open market or private sale)
- Shares sold: 7,000
- Price: weighted average $122.5944 per share (reported $122.59)
- Total proceeds: ~$858,130
- Shares owned after transaction: Not disclosed in the provided filing details
- Footnote: F1 confirms the weighted average sale price of $122.5944 per share
- Filing timing: Report lists the same transaction and report date (2026-02-06), indicating the Form 4 was filed contemporaneously
Context
This was a straightforward sale of existing shares. Sales by insiders can be for many reasons (diversification, liquidity, tax planning) and do not necessarily indicate a change in the insider’s view of the company. No option exercises, grants, gifts, or tax-withholding events were reported in this transaction.