Heng W. Chen - Jul 22, 2021 Form 4 Insider Report for CATHAY GENERAL BANCORP (CATY)

Role: EVP/CFO
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, 07:14 PM
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CATY	Common Stock						135K	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		+3.54K			3.54K	Jul 22, 2021	Common Stock	3.54K		Direct	F1, F2
transaction	CATY	Restricted Stock Units	Award		+3.76K			3.76K	Jul 22, 2021	Common Stock	3.76K		Direct	F1, F2
transaction	CATY	Restricted Stock Units	Award		+7.52K			7.52K	Jul 22, 2021	Common Stock	7.52K		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.