FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CATHAY GENERAL BANCORP [ CATY ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/01/2024 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 384,577 | I | Husband & Wife Trust | |||||||
Common Stock | 182,452 | I | Nonmarital Share Trust | |||||||
Common Stock | 102,891 | I | By ESOP | |||||||
Common Stock | 04/01/2024 | M | 16,837(1) | A | $0 | 142,381 | D | |||
Common Stock | 04/01/2024 | F | 6,838 | D | $36.91 | 135,543 | D | |||
Common Stock | 04/01/2024 | M | 17,891(2) | A | $0 | 153,434 | D | |||
Common Stock | 04/01/2024 | F | 9,068 | D | $36.91 | 144,366 | D | |||
Common Stock | 04/01/2024 | M | 35,689(3) | A | $0 | 180,055 | D | |||
Common Stock | 04/01/2024 | F | 18,088 | D | $36.91 | 161,967 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (4) | 04/01/2024 | M | 10,226(1) | (5) | (5) | Common Stock | 0 | $0 | 0 | D | ||||
Restricted Stock Units | (4) | 04/01/2024 | M | 10,866(2) | (5) | (5) | Common Stock | 0 | $0 | 0 | D | ||||
Restricted Stock Units | (4) | 04/01/2024 | M | 21,733(3) | (5) | (5) | Common Stock | 0 | $0 | 0 | D |
Explanation of Responses: |
1. Of the previously reported target award of 10,226 shares of performance-based restricted stock units, 150% of the target award was earned based upon the achievement of certain performance criteria. |
2. Of the previously reported target award of 10,866 shares of performance-based restricted stock units, 150% of the target award was earned based upon the achievement of certain performance criteria. |
3. Of the previously reported target award of 21,733 shares of performance-based restricted stock units, 149.602% of the target award was earned based upon the achievement of certain performance criteria. |
4. Shares of the Issuer's Common Stock received by the Reporting Person from the vesting of performance-based restricted stock units granted on July 22, 2021. Such restricted stock units were previously reported in Table II on a Form 4 filed by the Reporting Person with the Securities and Exchange Commission on July 26, 2021. |
5. Performance-based restricted stock units vested on December 31, 2023. |
/s/ Georgia Lo, attorney-in-fact | 04/03/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |