TEO GARY 4

What Happened

• Gary Teo, Executive Vice President of East West Bancorp (EWBC), received 9,450 shares on March 1, 2026 as the settlement of performance-based restricted stock units (PBRSUs).
• To satisfy tax withholding on the vested award, 3,380 shares were withheld (disposed) at $109.45 per share, totaling $369,941. The award shares were reported as acquired at $0.00 because they are the settlement of previously granted PBRSUs.

Key Details

• Transaction dates and prices:
  • Acquisition (A): 9,450 shares granted/settled on 2026-03-01 at $0.00 (PBRSU settlement).
  • Tax withholding (F): 3,380 shares withheld/disposed on 2026-03-01 at $109.45 per share; $369,941 withheld.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: These were PBRSUs granted on March 1, 2023 that vest after three years based on pre-established performance metrics. The PSU payout was 179.1% of the original grant, so more shares vested than originally awarded.
  • F2: Shares were withheld to pay tax liability. Because March 1, 2026 was a Sunday, the withholding number was based on the issuer’s closing price on Feb 27, 2026.
• Filing timeliness: No late filing indication in the provided data.

Context

• This is not an open-market sale — the “disposition” here is a standard tax-withholding action tied to the settlement of performance-based RSUs (a cashless withholding). Such withholdings are routine and do not necessarily signal insider sentiment.