0001209191-23-054906.txt : 20231109
0001209191-23-054906.hdr.sgml : 20231109
20231109203336
ACCESSION NUMBER: 0001209191-23-054906
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231101
FILED AS OF DATE: 20231109
DATE AS OF CHANGE: 20231109
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Harris Angelee
CENTRAL INDEX KEY: 0001316204
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50245
FILM NUMBER: 231394338
MAIL ADDRESS:
STREET 1: 525 J STREET
CITY: SACRAMENTO
STATE: CA
ZIP: 95814
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HOPE BANCORP INC
CENTRAL INDEX KEY: 0001128361
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 954849715
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
STREET 2: SUITE 1400
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
BUSINESS PHONE: 2136391700
MAIL ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
STREET 2: SUITE 1400
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
FORMER COMPANY:
FORMER CONFORMED NAME: BBCN BANCORP INC
DATE OF NAME CHANGE: 20111207
FORMER COMPANY:
FORMER CONFORMED NAME: NARA BANCORP INC
DATE OF NAME CHANGE: 20001115
3
1
doc3.xml
FORM 3 SUBMISSION
X0206
3
2023-11-01
0
0001128361
HOPE BANCORP INC
HOPE
0001316204
Harris Angelee
3200 WILSHIRE BLVD. STE. 1400
LOS ANGELES
CA
90010
0
1
0
0
EVP, General Counsel
Common Stock
24363
D
Performance-based Restricted Stock Units
Common Stock
2162
D
Performance-based Restricted Stock Units
Common Stock
2162
D
Performance-based Restricted Stock Units
Common Stock
1083
D
Performance-based Restricted Stock Units
Common Stock
1365
D
Performance-based Restricted Stock Units
Common Stock
1365
D
Performance-based Restricted Stock Units
Common Stock
682
D
Performance-based Restricted Stock Units
Common Stock
1297
D
Performance-based Restricted Stock Units
Common Stock
1297
D
Performance-based Restricted Stock Units
Common Stock
648
D
Total amount of securities beneficially owned in column 2 of Table 1 in this Form 3 includes all of the reporting owner's unvested Restricted Stock Units granted on October 15, 2020, May 19, 2021, March 23, 2022 and March 22, 2023 pursuant to the HOPE Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Outstanding RSU shares will vest according to vesting schedules.
2,162 performance-based restricted stock units ("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.
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.
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.
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.
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.
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.
1,297 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.
1,297 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.
648 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.
/s/Claire Hur as attorney-in-fact for Angelee Harris
2023-11-09