Van Hung Quoc 4

Accession 0001209191-19-033113

CIK 0001128361other

View on SEC.gov Company Profile

Filed

May 27, 8:00 PM ET

Accepted

May 28, 9:38 PM ET

Size

14.3 KB

Accession

0001209191-19-033113

Insider Transaction Report

Form 4

Period: 2019-05-23

HOPE BANCORP INCHOPE

Van Hung Quoc

EVP, Chief Information Officer

Transactions

Award
Performance-based Restricted Stock Units
2019-05-23+3,678→ 3,678 total
From: 2022-05-23→ Common Stock (3,678 underlying)
Award
Performance-based Restricted Stock Units
2019-05-23+3,677→ 3,677 total
From: 2022-05-23→ Common Stock (3,677 underlying)
Award
Time-based Restricted Stock Units
2019-05-23+7,355→ 7,355 total
→ Common Stock (7,355 underlying)

Holdings

Time-Based Restricted Stock Units
→ Common Stock (10,800 underlying)
10,800
Common Stock
1,627

Footnotes (4)

[F1]Total 7,355 Restricted Stock Units (RSU) were granted on May 23, 2019 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and HOPE Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,451 shares will vest on May 23, 2020, and 2,452 shares each will vest annually on May 2021, and 2022.
[F2]3,678 performance-based restricted stock units ("PRSU") were granted on May 23, 2019 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on average assets in relation to the KRX Index during the 11-quarter period from April 1, 2019 through December 31, 2021. 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]3,677 PRSU were granted on May 23, 2019 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. 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 an 11-quarter period from April 1, 2019 through December 31, 2021. 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.
[F4]Total 13,500 Restricted Stock Units (RSU) were granted on May 2, 2018 pursuant to the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan ("2016 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,700 shares each will vest annually over five years beginning May 2, 2019.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

HOPE BANCORP INC

CIK 0001128361

→

Entity typeother

Related Parties

filerCIK 0001777549

Filing Metadata

Form type: 4
Filed: May 27, 8:00 PM ET
Accepted: May 28, 9:38 PM ET
Size: 14.3 KB

View on SEC.gov