Dunson K. Cheng - Jul 22, 2021 Form 4 Insider Report for CATHAY GENERAL BANCORP (CATY)

Role
Executive Chairman, Director
Signature
/s/ Georgia Lo, attorney-in-fact
Stock symbol
CATY
Transactions as of
Jul 22, 2021
Transactions value $
$0
Form type
4
Date filed
7/26/2021, 07:09 PM
Next filing
Dec 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CATY Common Stock 406K Jul 22, 2021 Husband & Wife Trust
holding CATY Common Stock 182K Jul 22, 2021 Nonmarital Share Trust
holding CATY Common Stock 103K Jul 22, 2021 By ESOP
holding CATY Common Stock 90K Jul 22, 2021 Direct

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 CATY Restricted Stock Units Award +10.2K 10.2K Jul 22, 2021 Common Stock 10.2K Direct F1, F2
transaction CATY Restricted Stock Units Award +10.9K 10.9K Jul 22, 2021 Common Stock 10.9K Direct F1, F2
transaction CATY Restricted Stock Units Award +21.7K 21.7K Jul 22, 2021 Common Stock 21.7K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represented a contingent right to receive one share of Common Stock upon vesting. The number of restricted stock units that are earned can be reduced by up to 100% of the target award or increased by up to 150% of the target award, depending upon the achievement of certain performance criteria.
F2 These restricted stock units are scheduled to vest in a single installment on December 31, 2023, subject to continued employment, but may vest to some extent earlier in the event of death, disability, retirement after December 31, 2022 or a change in control, with the number of units earned being based on the achievement of certain performance criteria.