Filing Details
- Accession Number:
- 0001209191-23-059033
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-18 18:44:49
- Reporting Period:
- 2023-12-14
- Accepted Time:
- 2023-12-18 18:44:49
- 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
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2023-12-14 | 1,500 | $12.19 | 30,700 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | 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 |
Expiration Date | 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
- 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.