Angelee Harris - 07 Mar 2025 Form 4 Insider Report for HOPE BANCORP INC (HOPE)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
11 Mar 2025, 12:00:06 UTC
Prior SEC filing
27 Nov 2024
Next SEC filing
25 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Claire Hur as attorney-in-fact for Angelee Harris

Key filing fact

Angelee Harris filed Form 4 for HOPE BANCORP INC (HOPE) on 11 Mar 2025.

Key facts

  • This page summarizes Angelee Harris's Form 4 filing for HOPE BANCORP INC (HOPE).
  • 5 reported transactions and 8 derivative rows are listed below.
  • Accepted by SEC: 11 Mar 2025, 12:00.

Change

  • Previous filing in this sequence was filed on 27 Nov 2024.
  • Current net transaction value: -$71,908.

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

Options Exercise

Transaction value
$25,400
Shares
-2,403
Change %
-9.8%
Price
$10.57
Shares after
22,198
Date
07 Mar 2025
Ownership
Direct
HOPE transaction

Comomon Stock

Tax liability

Transaction value
$10,443
Shares
-988
Change %
-4.5%
Price
$10.57
Shares after
21,210
Date
07 Mar 2025
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

Options Exercise

Transaction value
$7,209
Shares
-682
Change %
-100%
Price
$10.57
Shares after
0
Date
07 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
682
Exercise price
Footnotes
F7
HOPE transaction Derivative

Performance-based Restricted Stock Units

Options Exercise

Transaction value
$14,428
Shares
-1,365
Change %
-100%
Price
$10.57
Shares after
0
Date
07 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,365
Exercise price
Footnotes
F8
HOPE transaction Derivative

Performance-based Restricted Stock Units

Disposed to Issuer

Transaction value
$14,428
Shares
-1,365
Change %
-100%
Price
$10.57
Shares after
0
Date
07 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,365
Exercise price
Footnotes
F9, F10
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,083
Date
07 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,083
Exercise price
Footnotes
F2
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,162
Date
07 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,162
Exercise price
Footnotes
F3
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,162
Date
07 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,162
Exercise price
Footnotes
F4
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,152
Date
07 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,152
Exercise price
Footnotes
F5
HOPE holding Derivative

Performance-based Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,152
Date
07 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,152
Exercise price
Footnotes
F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote F1

Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.

Footnote F2

1,083 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 F3

2,162 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 F4

2,162 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.

Footnote F5

3,152 PRSU were granted on July 19, 2024 pursuant to the Hope Bancorp, Inc. 2024 Equity Incentive Plan ("EIP") 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 F6

3,152 PRSU were granted on July 19, 2024 pursuant to the 2024 EIP and subject to cliff vesting following a 3-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 a 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 F7

682 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 F8

1,365 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 F9

1,365 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 F10

Represents the forfeiture of PRSU granted to the reporting person on March 23, 2022 that were eligible to vest based on certain financial performance objectives.

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