Irene H. Oh - Mar 4, 2023 Form 4 Insider Report for EAST WEST BANCORP INC (EWBC)

Role: Chief Financial Officer
Signature: /s/ Louisa Wang, as Attorney-in-fact
Stock symbol: EWBC
Transactions as of: Mar 4, 2023
Transactions value $: -$999,997
Form type: 4
Date filed: 3/7/2023, 04:21 PM
Previous filing: Jan 24, 2023
Next filing: Mar 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EWBC	Common Stock	Award		+34.2K	+36.39%		128K	Mar 4, 2023	Direct	F1
transaction	EWBC	Common Stock	Tax liability	-$1M	-13.3K	-10.36%	$75.25	115K	Mar 4, 2023	Direct	F2
holding	EWBC	Common Stock						2.29K	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.

Content

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.

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.