Filing Details

Accession Number:
0000950170-24-104176
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-09-05 18:59:30
Reporting Period:
2024-09-04
Accepted Time:
2024-09-05 18:59:30
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
1316204 Angelee Harris 3200 Wilshire Blvd. Ste. 1400
Los Angeles CA 90010
Evp, General Counsel No No 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 2024-09-04 1,500 $12.48 23,331 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 $0.00 682 682 Direct
Common Stock Performance-based Restricted Stock Units $0.00 1,365 1,365 Direct
Common Stock Performance-based Restricted Stock Units $0.00 1,365 1,365 Direct
Common Stock Performance-based Restricted Stock Units $0.00 1,083 1,083 Direct
Common Stock Performance-based Restricted Stock Units $0.00 2,162 2,162 Direct
Common Stock Performance-based Restricted Stock Units $0.00 2,162 2,162 Direct
Common Stock Performance-based Restricted Stock Units $0.00 3,152 3,152 Direct
Common Stock Performance-based Restricted Stock Units $0.00 3,152 3,152 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
682 682 Direct
1,365 1,365 Direct
1,365 1,365 Direct
1,083 1,083 Direct
2,162 2,162 Direct
2,162 2,162 Direct
3,152 3,152 Direct
3,152 3,152 Direct
Footnotes
  1. 682 performance-based RSUs ("PRSU") were granted on March 23, 2022 pursuant to the 2017 Long-Term Incentive Plan ("LTIP") and 2019 Incentive Compensation Plan ("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 receive oneshare of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if theThreshold 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 proratedbasis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
  2. 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 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.
  3. 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 thesePRSU shares depends upon Hope's achievement of a specified relative return on common tangible equity in relation to the bank's stated peergroup over a 12-quarter period from January 1, 2022 through December 31, 2024. Each PRSU represents a contingent right to receive oneshare of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target ifthe 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.
  4. 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 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.
  5. 2,162 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.
  6. 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 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.
  7. 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.
  8. 3,152 PRSU were granted on July 19, 2024 pursuant to the 2024 EIP 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.