ALBERT SUN - 28 Jun 2024 Form 4 Insider Report for CATHAY GENERAL BANCORP (CATY)

Role: EVP, Chief Credit Officer
Signature: /s/ Georgia Lo, attorney-in-fact
Issuer symbol: CATY
Transactions as of: 28 Jun 2024
Net transactions value: $0
Form type: 4
Filing time: 02 Jul 2024, 19:20:28 UTC
Previous filing: 08 Jan 2024
Next filing: 01 Jul 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CATY	Common Stock						0	28 Jun 2024	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		+2,183			2,183	28 Jun 2024	Common Stock	2,183		Direct	F1, F2
transaction	CATY	Restricted Stock Units	Award		+2,200			2,200	28 Jun 2024	Common Stock	2,200		Direct	F1, F2
transaction	CATY	Restricted Stock Units	Award		+4,400			4,400	28 Jun 2024	Common Stock	4,400		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, 2026, subject to continued employment, but may vest to some extent earlier in the event of death, disability, retirement after December 31, 2025 or a change in control, with the number of units earned being based on the achievement of certain performance criteria.