GARY TEO - 06 Mar 2022 Form 4 Insider Report for EAST WEST BANCORP INC (EWBC)

Role: Senior Vice President
Signature: /s/ Louisa Wang, as Attorney-in-fact
Issuer symbol: EWBC
Transactions as of: 06 Mar 2022
Net transactions value: -$153,555
Form type: 4
Filing time: 08 Mar 2022, 11:34:51 UTC
Previous filing: 07 Feb 2022
Next filing: 24 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EWBC	Common Stock	Award		+5,632	+193%		8,553	06 Mar 2022	Direct	F1
transaction	EWBC	Common Stock	Tax liability	$153,555	-1,987	-23%	$77.28	6,566	06 Mar 2022	Direct	F2
holding	EWBC	Common Stock						170	06 Mar 2022	401 (k) Plan

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance-Based Restricted Stock Units granted on March 6, 2019 fully vest in three years. Number of vested units depends on meeting pre-established performance criteria. As of March 6, 2022, 182.10% of the units granted on March 6, 2019 were earned and vested. On the settlement date, for each vested Performance-Based Restricted Stock Unit, the reporting person received one share of Common Stock.
F2	Shares withheld for payment of tax liability in connection with the vesting of Performance-Based Restricted Stock Units. Since March 6, 2022 was a Sunday, the number of shares withheld were determined on March 4, 2022 based on the closing price of the issuer's common stock on March 4, 2022.

Content

Performance-Based Restricted Stock Units granted on March 6, 2019 fully vest in three years. Number of vested units depends on meeting pre-established performance criteria. As of March 6, 2022, 182.10% of the units granted on March 6, 2019 were earned and vested. On the settlement date, for each vested Performance-Based Restricted Stock Unit, the reporting person received one share of Common Stock.

Shares withheld for payment of tax liability in connection with the vesting of Performance-Based Restricted Stock Units. Since March 6, 2022 was a Sunday, the number of shares withheld were determined on March 4, 2022 based on the closing price of the issuer's common stock on March 4, 2022.