Form 4: Cathay General Bancorp Executive Thomas Lo Reports Stock Transactions
SEC Form 4 Filing
Thomas Lo, EVP and Chief Admin Officer of Cathay General Bancorp, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On March 17, 2025, Thomas Lo, EVP and Chief Admin Officer of Cathay General Bancorp, had 2,134 restricted stock units vest.
- These units converted into common stock, which were then disposed of to cover tax obligations.
- A total of 764 shares were disposed of at a price of $43.98 to satisfy tax withholding requirements.
- Following these transactions, Lo directly owns 4,729 shares of Cathay General Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. Form 4 filings provide transparency into these transactions, allowing investors to track insider activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| January 25, 2024 | Date of original Form 3 filing reporting the award of 2,134 shares of restricted stock units. |
| March 17, 2025 | Date of transaction: vesting of restricted stock units and subsequent disposal of shares for tax obligations. |
| March 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Cathay General Bancorp, CATY, Thomas Lo, Restricted Stock Units, Stock Disposal, Executive Compensation, Beneficial Ownership
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