Dunson K. Cheng - 27 Jul 2023 Form 4 Insider Report for CATHAY GENERAL BANCORP (CATY)

Role: Executive Chairman, Director
Signature: /s/ Georgia Lo, attorney-in-fact
Issuer symbol: CATY
Transactions as of: 27 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 31 Jul 2023, 20:35:45 UTC
Previous filing: 05 Apr 2023
Next filing: 03 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CATY	Common Stock						384,577	27 Jul 2023	Husband & Wife Trust
holding	CATY	Common Stock						182,452	27 Jul 2023	Nonmarital Share Trust
holding	CATY	Common Stock						102,893	27 Jul 2023	By ESOP
holding	CATY	Common Stock						125,544	27 Jul 2023	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		+9,997			9,997	27 Jul 2023	Common Stock	9,997		Direct	F1, F2
transaction	CATY	Restricted Stock Units	Award		+10,466			10,466	27 Jul 2023	Common Stock	10,466		Direct	F1, F2
transaction	CATY	Restricted Stock Units	Award		+20,932			20,932	27 Jul 2023	Common Stock	20,932		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, 2025, subject to continued employment, but may vest to some extent earlier in the event of death, disability, retirement after December 31, 2024 or a change in control, with the number of units earned being based on the achievement of certain performance criteria.