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CATHAY GENERAL BANCORP — Director's Dealing 2024
Jul 3, 2024
31304_dirs_2024-07-02_64be773d-56c0-430e-83b4-3421f085c6f1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CATHAY GENERAL BANCORP (CATY)
CIK: 0000861842
Period of Report: 2024-06-28
Reporting Person: BINGHAM KIM R (EVP, Chief Risk Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-28 | Restricted Stock Units | $ | A | 2478 | Acquired | Common Stock (2478) | Direct | |
| 2024-06-28 | Restricted Stock Units | $ | A | 2498 | Acquired | Common Stock (2498) | Direct | |
| 2024-06-28 | Restricted Stock Units | $ | A | 4997 | Acquired | Common Stock (4997) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 0 | Direct |
| Common Stock | 51530 | Indirect |
Footnotes
F1: On April 17, 2024, 9,681 shares of common stock of Cathay General Bancorp were transferred from direct ownership to the Kim R. Bingham and Angelina Bingham Trust as indirect ownership, without the payment of any consideration.
F2: Each restricted stock unit represented a contingent right to receive one share of Common Stock upon vesting. The number of restricted stock units that are earned can be reduced by up to 100% of the target award or increased by up to 150% of the target award, depending upon the achievement of certain performance criteria.
F3: These restricted stock units are scheduled to vest in a single installment on December 31, 2026, subject to continued employment, but may vest to some extent earlier in the event of death, disability, retirement after December 31, 2025 or a change in control, with the number of units earned being based on the achievement of certain performance criteria.