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Filing Details

Accession Number:: 0001209191-23-035221
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-07 18:45:04
Reporting Period:: 2023-06-06

Accepted Time:: 2023-06-07 18:45:04
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1128361	Hope Bancorp Inc	HOPE	National Commercial Banks (6021)	954849715

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1777703	Thomas Stenger	3200 Wilshire Blvd Ste 1400 Los Angeles CA 90010	Sevp, Chief Risk Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2023-06-06	3,418	$9.20	35,200	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Performance-based Restricted Stock Units	$0.00	2,941	2,941	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	2,941	2,941	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	1,470	1,470	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	1,923	1,923	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	1,923	1,923	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	962	962	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	1,816	1,816	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	1,816	1,816	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	907	907	Direct

Amount	Remaning Holdings	Nature of Ownership
2,941	2,941	Direct
2,941	2,941	Direct
1,470	1,470	Direct
1,923	1,923	Direct
1,923	1,923	Direct
962	962	Direct
1,816	1,816	Direct
1,816	1,816	Direct
907	907	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.190 to $9.205, inclusive. The reporting person undertakes to provide to HOPE Bancorp, Inc., any security holder of HOPE Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
2,941 performance-based restricted stock units ("PRSU") were granted on March 22, 2023 pursuant to the 2017 LTIP and 2019 ICP andsubject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on commontangible equity in relation to the bank's stated peer group over a 12-quarter period from January 1, 2023 through December 31, 2025. EachPRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares isreported. 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 butthe 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 Stretchgoal is met or exceeded.
2,941 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 thesePRSU 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 Hopecommon stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Thresholdgoal 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 theTarget goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
1,470 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 thesePRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the bank's statedpeer group over a 12-quarter period from January 1, 2023 through December 31, 2025. Each PRSU represents a contingent right to receiveone share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Targetif 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 aprorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
1,923 PRSU were granted on March 23, 2022 pursuant to the 2017 LTIP and 2019 ICP andsubject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on commontangible equity in relation to the bank's stated peer group over a 12-quarter period from January 1, 2022 through December 31, 2024. EachPRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares isreported. 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 butthe 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 Stretchgoal is met or exceeded.
1,923 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 thesePRSU 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 Hopecommon stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Thresholdgoal 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 theTarget goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
962 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 thesePRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the bank's statedpeer group over a 12-quarter period from January 1, 2022 through December 31, 2024. Each PRSU represents a contingent right to receiveone share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Targetif 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.
1,816 PRSU were granted on May 19, 2021 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, 2021 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.
1,816 PRSU were granted on May 19, 2021 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, 2021 through December 31, 2021. 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.
907 PRSU were granted on May 19, 2021 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, 2021 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.