Form 4: Cathay General Bancorp Executive May Chan Reports Stock Transactions

May Chan, SVP and General Counsel of Cathay General Bancorp, reports the vesting and conversion of restricted stock units and subsequent tax withholding.

Summary

• On March 17, 2025, May Chan, SVP and General Counsel of Cathay General Bancorp, reported transactions involving the company's common stock.
• Chan vested 1,067 restricted stock units, each representing a right to receive one share of common stock.
• These units vested on March 17, 2025.
• Upon vesting, Chan converted these units into 1,067 shares of common stock.
• Also on March 17, 2025, 435 shares were disposed of to cover tax obligations at a price of $43.98 per share.
• Following these transactions, Chan directly owns 3,157 shares of Cathay General Bancorp common stock, inclusive of shares acquired through dividend reinvestment year-to-date.

Sentiment

Score: 7

Explanation: The document reflects routine executive compensation transactions, which are neither particularly positive nor negative. The sentiment is neutral to slightly positive as it indicates the executive's compensation is being realized.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It reflects standard compensation practices involving restricted stock units.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.

Key Dates

Keywords

Cathay General Bancorp, CATY, Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, Vesting, May Chan, SVP, General Counsel