4//SEC Filing
Malone David P 4
Accession 0001209191-23-032289
CIK 0001128361other
Filed
May 24, 8:00 PM ET
Accepted
May 25, 6:54 PM ET
Size
13.0 KB
Accession
0001209191-23-032289
Insider Transaction Report
Form 4
HOPE BANCORP INCHOPE
Malone David P
Director
Transactions
- Award
Common Stock
2023-05-23$8.60/sh+7,116$61,198→ 105,074 total
Holdings
- 4,540
Performance-based Restricted Stock Units
→ Common Stock (4,540 underlying) - 20,000
Non-qualified stock option (right to buy)
Exercise: $17.18Exp: 2026-09-01→ Common Stock (20,000 underlying) - 4,540
Performance-based Restricted Stock Units
→ Common Stock (4,540 underlying) - 2,269
Performance-based Restricted Stock Units
→ Common Stock (2,269 underlying)
Footnotes (5)
- [F1]Total 7,116 Restricted Stock Units (RSU) were granted on May 23, 2023 pursuant to the HOPE Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. 7,116 shares will vest either on the one-year anniversary of grant date or the date of the next Hope Bancorp stockholders meeting, whichever is earlier.
- [F2]4,540 PRSU were granted on May 19, 2021 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("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]4,540 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]2,269 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]Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. 1/3 of the options vested immediately on the grant date, with the remaining 2/3 vesting in two equal annual installments thereafter.
Documents
Issuer
HOPE BANCORP INC
CIK 0001128361
Entity typeother
Related Parties
1- filerCIK 0001680721
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 6:54 PM ET
- Size
- 13.0 KB