Julianna Balicka - Jul 19, 2024 Form 4 Insider Report for HOPE BANCORP INC (HOPE)

Role
EVP, CFO
Signature
/s/Claire Hur as attorney-in-fact for Julianna Balicka
Stock symbol
HOPE
Transactions as of
Jul 19, 2024
Transactions value $
$117,497
Form type
4
Date filed
7/23/2024, 08:00 PM
Previous filing
Apr 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOPE Common Stock Award $117K +9.26K +39.88% $12.69 32.5K Jul 19, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HOPE Performance-based Restricted Stock Units Award +4.63K 4.63K Jul 19, 2024 Common Stock 4.63K Direct F2
transaction HOPE Performance-based Restricted Stock Units Award +4.63K 4.63K Jul 19, 2024 Common Stock 4.63K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.