Peter Koh - 22 Mar 2024 Form 4 Insider Report for HOPE BANCORP INC (HOPE)

Reporting relationship
SEVP & COO
Issuer ticker
HOPE
Reported as of
22 Mar 2024
Net transaction value
-$45,102
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
26 Mar 2024, 20:30:18 UTC
Prior SEC filing
19 Mar 2024
Next SEC filing
21 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Claire Hur as attorney-in-fact for Peter Koh

Key filing fact

Peter Koh filed Form 4 for HOPE BANCORP INC (HOPE) on 26 Mar 2024.

Key facts

  • This page summarizes Peter Koh's Form 4 filing for HOPE BANCORP INC (HOPE).
  • 4 reported transactions and 7 derivative rows are listed below.
  • Accepted by SEC: 26 Mar 2024, 20:30.

Change

  • Previous filing in this sequence was filed on 19 Mar 2024.
  • Current net transaction value: -$45,102.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HOPE transaction

Common Stock

Tax liability

Transaction value
$6,927
Shares
-628
Change %
-0.53%
Price
$11.03
Shares after
116,818
Date
22 Mar 2024
Ownership
Direct
Footnotes
F1
HOPE transaction

Common Stock

Tax liability

Transaction value
$10,081
Shares
-914
Change %
-0.78%
Price
$11.03
Shares after
115,904
Date
22 Mar 2024
Ownership
Direct
Footnotes
F1
HOPE transaction

Common Stock

Tax liability

Transaction value
$12,486
Shares
-1,132
Change %
-0.98%
Price
$11.03
Shares after
114,772
Date
22 Mar 2024
Ownership
Direct
Footnotes
F1
HOPE transaction

Common Stock

Tax liability

Transaction value
$15,607
Shares
-1,415
Change %
-1.2%
Price
$11.03
Shares after
113,357
Date
22 Mar 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,055
Date
22 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,055
Exercise price
Footnotes
F2
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,109
Date
22 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,109
Exercise price
Footnotes
F3
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,109
Date
22 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,109
Exercise price
Footnotes
F4
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,903
Date
22 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,903
Exercise price
Footnotes
F5
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,806
Date
22 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,806
Exercise price
Footnotes
F6
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,806
Date
22 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,806
Exercise price
Footnotes
F7
HOPE holding Derivative

Incentive Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
20,000
Date
22 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,000
Exercise price
$17.18
Footnotes
F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.

Footnote F2

1,055 PRSU were granted on March 23, 2022 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, 2022 through December 31, 2024. 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.

Footnote F3

2,109 PRSU were granted on March 23, 2022 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, 2022 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.

Footnote F4

2,109 PRSU were granted on March 23, 2022 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, 2022 through December 31, 2024. 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.

Footnote F5

1,903 PRSU were granted on March 22, 2023 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, 2023 through December 31, 2025. 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.

Footnote F6

3,806 PRSU were granted on March 22, 2023 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, 2023 through December 31, 2025. 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.

Footnote F7

3,806 PRSU were granted on March 22, 2023 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, 2023 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.

Footnote F8

Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. These options were fully vested as of September 1, 2021.

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