Stenger Thomas 4

What Happened

• Thomas Stenger, Senior Executive Vice President and Chief Risk Officer of HOPE Bancorp (HOPE), disposed of a total of 4,686 shares to satisfy tax withholding tied to the vesting of a previously granted award. On 2026-03-24 he surrendered 2,697 shares at $10.84 each ($29,235), and on 2026-03-25 he surrendered 1,989 shares at $11.05 each ($21,978). Total value of the disposals was about $51,213.
• This was not an open-market sale for cash gain but a routine disposition to cover tax liabilities from vesting (tax-withhold transaction), which is generally considered administrative rather than a market sentiment signal.

Key Details

• Transaction dates & prices:
  • 2026-03-24: 2,697 shares at $10.84 (disposed) — $29,235
  • 2026-03-25: 1,989 shares at $11.05 (disposed) — $21,978
• Total shares disposed: 4,686; total proceeds ~ $51,213.
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — Shares were disposed to satisfy the reporting person’s tax liability incurred by the vesting of a previously granted award (tax-withholding/cashless surrender).
• Filing timeliness: Report covers transactions on 2026-03-24 and was filed 2026-03-25 (filed promptly the next day).

Context

• This was a tax-withholding disposition following vesting, not an exercise-for-sale or open-market trade. Such "sell to cover" actions are common and typically administrative, so they don’t necessarily indicate the insider’s view of the company’s stock.