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4//SEC Filing

Ko Alex 4

Accession 0001209191-22-019882

CIK 0001128361other
View on SEC.govCompany Profile

Filed

Mar 16, 8:00 PM ET

Accepted

Mar 17, 8:52 PM ET

Size

24.5 KB

Accession

0001209191-22-019882

Insider Transaction Report

Form 4
Period: 2022-03-15
HOPE BANCORP INCHOPE
Ko Alex
EVP, Deputy CFO
Transactions
  • Disposition to Issuer

    Performance-based Restricted Stock Units

    2022-03-15−3,082→ 0 total
    → Common Stock (3,082 underlying)
  • Exercise/Conversion

    Common Stock

    2022-03-15$16.49/sh+2,497$41,176→ 43,955 total
  • Tax Payment

    Common Stock

    2022-03-15$16.49/sh−864$14,247→ 43,091 total
  • Exercise/Conversion

    Performance-based Restricted Stock Units

    2022-03-15$16.49/sh−3,082$50,822→ 0 total
    → Common Stock (3,082 underlying)
Holdings

  • Performance-based Restricted Stock Units

    → Common Stock (2,205 underlying)
    2,205

  • Performance-based Restricted Stock Units

    → Common Stock (5,000 underlying)
    5,000

  • Performance-based Restricted Stock Units

    → Common Stock (2,205 underlying)
    2,205

  • Performance-based Restricted Stock Units

    → Common Stock (5,000 underlying)
    5,000

  • Performance-based Restricted Stock Units

    → Common Stock (1,102 underlying)
    1,102

  • Incentive Stock Option (right to buy)

    Exercise: $17.18Exp: 2026-09-01→ Common Stock (20,000 underlying)
    20,000
Footnotes (10)
  • [F1]Represents performance-based restricted stock units "PRSU" described in footnote 9. Total 2,497 shares were vested and 585 shares were forfeited.
  • [F10]Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. These options vest annually in five equal installments on September 1st of 2017, 2018, 2019, 2020 and 2021.
  • [F2]2,205 PRSU were granted on May 19, 2021 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 common tangible equity in relation to the bank's stated peer group over a 12-quarter period from January 1, 2021 through December 31, 2023. 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]2,205 PRSU were granted on May 19, 2021 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 absolute earnings per share in relation to the bank's stated budget over a 12-month period from January 1, 2021 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]1,102 PRSU were granted on May 19, 2021 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 bank's stated peer group over a 12-quarter period from January 1, 2021 through December 31, 2023. 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.
  • [F5]5,000 PRSU were granted on April 22, 2020 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, 2020 through December 31, 2022. 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.
  • [F6]5,000 PRSU were granted on April 22, 2020 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 over an 11-quarter period from April 1, 2020 through December 31, 2022. 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.
  • [F7]3,082 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.
  • [F8]Represents the forfeiture of PRSU.
  • [F9]3,082 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.

Documents

1 file

Issuer

HOPE BANCORP INC

CIK 0001128361

→
Entity typeother

Related Parties

1
  • filerCIK 0001442518

Filing Metadata

Form type
4
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 8:52 PM ET
Size
24.5 KB
View on SEC.gov