Chang Liu - 22 Jul 2021 Form 4 Insider Report for CATHAY GENERAL BANCORP (CATY)

Role: President & CEO, Director
Signature: /s/ Georgia Lo, attorney-in-fact
Issuer symbol: CATY
Transactions as of: 22 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 26 Jul 2021, 19:12:51 UTC
Next filing: 04 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CATY	Common Stock						6,431	22 Jul 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		+9,197			9,197	22 Jul 2021	Common Stock	9,197		Direct	F1, F2
transaction	CATY	Restricted Stock Units	Award		+9,773			9,773	22 Jul 2021	Common Stock	9,773		Direct	F1, F2
transaction	CATY	Restricted Stock Units	Award		+19,546			19,546	22 Jul 2021	Common Stock	19,546		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.