Heng W. Chen - Jul 27, 2023 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 27, 2023
Transactions value $
$0
Form type
4
Date filed
7/31/2023, 08:39 PM
Previous filing
Apr 5, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CATY Common Stock 166K Jul 27, 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 +3.71K 3.71K Jul 27, 2023 Common Stock 3.71K Direct F1, F2
transaction CATY Restricted Stock Units Award +3.88K 3.88K Jul 27, 2023 Common Stock 3.88K Direct F1, F2
transaction CATY Restricted Stock Units Award +7.77K 7.77K Jul 27, 2023 Common Stock 7.77K 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.