Dominic Ng - Mar 4, 2023 Form 4 Insider Report for EAST WEST BANCORP INC (EWBC)

Signature
/s/ Louisa Wang, as Attorney-in-fact
Stock symbol
EWBC
Transactions as of
Mar 4, 2023
Transactions value $
-$6,747,592
Form type
4
Date filed
3/7/2023, 03:27 PM
Previous filing
Jan 24, 2023
Next filing
May 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EWBC Common Stock Award +205K +26.93% 967K Mar 4, 2023 Direct F1
transaction EWBC Common Stock Tax liability -$6.75M -89.7K -9.27% $75.25 878K Mar 4, 2023 Direct F2
holding EWBC Common Stock 7.14K Mar 4, 2023 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 4, 2020 fully vest in three years. Number of vested units depends on meeting pre-established performance criteria. As of March 4, 2023, 182.08% of the units granted on March 4, 2020 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 4, 2023 was a Saturday, the number of shares withheld was determined on March 3, 2023 based on the closing price of the issuer's common stock on March 3, 2023.