Gary Teo - Mar 6, 2022 Form 4 Insider Report for EAST WEST BANCORP INC (EWBC)

Role: Senior Vice President
Signature: /s/ Louisa Wang, as Attorney-in-fact
Stock symbol: EWBC
Transactions as of: Mar 6, 2022
Transactions value $: -$153,555
Form type: 4
Date filed: 3/8/2022, 11:34 AM
Previous filing: Feb 7, 2022
Next filing: Jan 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EWBC	Common Stock	Award		+5.63K	+192.81%		8.55K	Mar 6, 2022	Direct	F1
transaction	EWBC	Common Stock	Tax liability	-$154K	-1.99K	-23.23%	$77.28	6.57K	Mar 6, 2022	Direct	F2
holding	EWBC	Common Stock						170	Mar 6, 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.