4//SEC Filing
Balicka Julianna 4
Accession 0000950170-24-085828
CIK 0001128361other
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 8:00 PM ET
Size
10.8 KB
Accession
0000950170-24-085828
Insider Transaction Report
Form 4
HOPE BANCORP INCHOPE
Balicka Julianna
EVP, CFO
Transactions
- Award
Performance-based Restricted Stock Units
2024-07-19+4,629→ 4,629 total→ Common Stock (4,629 underlying) - Award
Performance-based Restricted Stock Units
2024-07-19+4,630→ 4,630 total→ Common Stock (4,630 underlying) - Award
Common Stock
2024-07-19$12.69/sh+9,259$117,497→ 32,475 total
Footnotes (3)
- [F1]Total 9,259 Restricted Stock Units ("RSU") were granted on July 19, 2024 pursuant to the Hope Bancorp, Inc. 2024 Equity Incentive Plan ("2024 EIP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 3,086 shares will each vest on July 21, 2025 and March 20, 2026, and 3,087 shares will vest on March 22, 2027.
- [F2]4,629 performance-based RSUs ("PRSU") were granted on July 19, 2024 pursuant to the 2024 IEP and subject to cliff vesting following completion of a 3-year performance period. Vesting of these PRSU shares depends upon Hope's achievement of a specified absolute return on average tangible common equity. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
- [F3]4,630 PRSU were granted on July 19, 2024 pursuant to the 2024 IEP and subject to cliff vesting following a three-year performance period. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over 12 quarter period from January 1, 2024 through December 31, 2026. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
Documents
Issuer
HOPE BANCORP INC
CIK 0001128361
Entity typeother
Related Parties
1- filerCIK 0001974802
Filing Metadata
- Form type
- 4
- Filed
- Jul 22, 8:00 PM ET
- Accepted
- Jul 23, 8:00 PM ET
- Size
- 10.8 KB