Craig Lewis Campbell - 19 Jul 2024 Form 4 Insider Report for HOPE BANCORP INC (HOPE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
23 Jul 2024, 20:00:05 UTC
Prior SEC filing
21 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Claire Hur as attorney-in-fact for Craig Campbell

Key filing fact

Craig Lewis Campbell filed Form 4 for HOPE BANCORP INC (HOPE) on 23 Jul 2024.

Key facts

  • This page summarizes Craig Lewis Campbell's Form 4 filing for HOPE BANCORP INC (HOPE).
  • 3 reported transactions and 8 derivative rows are listed below.
  • Accepted by SEC: 23 Jul 2024, 20:00.

Change

  • Previous filing in this sequence was filed on 21 May 2024.
  • Current net transaction value: +$116,875.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HOPE transaction

Common Stock

Award

Transaction value
$116,875
Shares
+9,210
Change %
+22%
Price
$12.69
Shares after
51,070
Date
19 Jul 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HOPE transaction Derivative

Performance-based Restricted Stock Units

Award

Transaction value
Shares
+4,605
Change %
Price
Shares after
4,605
Date
19 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,605
Exercise price
Footnotes
F2
HOPE transaction Derivative

Performance-based Restricted Stock Units

Award

Transaction value
Shares
+4,605
Change %
Price
Shares after
4,605
Date
19 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,605
Exercise price
Footnotes
F3
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,055
Date
19 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,055
Exercise price
Footnotes
F4
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,109
Date
19 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,109
Exercise price
Footnotes
F5
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,109
Date
19 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,109
Exercise price
Footnotes
F6
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,861
Date
19 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,861
Exercise price
Footnotes
F7
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,719
Date
19 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,719
Exercise price
Footnotes
F8
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,719
Date
19 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,719
Exercise price
Footnotes
F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Total 9,210 Restricted Stock Units ("RSU") were granted on July 19, 2024 pursuant to the Hope Bancorp, Inc. 2024 Equity Incentive Plan ("2024 EIP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 3,070 shares will each vest on July 21, 2025, March 20, 2026 and March 22, 2027.

Footnote F2

4,605 performance-based RSUs ("PRSU") were granted on July 19, 2024 pursuant to the 2024 IEP and subject to cliff vesting following completion of a 3-year performance period. Vesting of these PRSU shares depends upon Hope's achievement of a specified absolute return on average tangible common equity. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.

Footnote F3

4,605 PRSU were granted on July 19, 2024 pursuant to the 2024 IEP and subject to cliff vesting following a three-year performance period. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over 12 quarter period from January 1, 2024 through December 31, 2026. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.

Footnote F4

1,055 PRSU were granted on March 23, 2022 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the bank's stated peer group over a 12-quarter period from January 1, 2022 through December 31, 2024. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.

Footnote F5

2,109 PRSU were granted on March 23, 2022 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified absolute earnings per share in relation to the bank's stated budget over a 12- month period from January 1, 2022 through December 31, 2022. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.

Footnote F6

2,109 PRSU were granted on March 23, 2022 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on common tangible equity in relation to the bank's stated peer group over a 12-quarter period from January 1, 2022 through December 31, 2024. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.

Footnote F7

1,861 PRSU were granted on March 22, 2023 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the bank's stated peer group over a 12-quarter period from January 1, 2023 through December 31, 2025. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.

Footnote F8

3,719 PRSU were granted on March 22, 2023 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on common tangible equity in relation to the bank's stated peer group over a 12-quarter period from January 1, 2023 through December 31, 2025. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.

Footnote F9

3,719 PRSU were granted on March 22, 2023 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified absolute earnings per share in relation to the bank's stated budget over a 12- month period from January 1, 2023 through December 31, 2023. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.

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