Form 4: East West Bancorp Executive Vice President Gary Teo Reports Stock Transactions

Gary Teo, an Executive Vice President at East West Bancorp, reported the vesting of restricted stock units and subsequent tax withholding on February 1, 2025.

Summary

• On February 1, 2025, Gary Teo, an Executive Vice President of East West Bancorp, had time-based restricted stock units vest.
• These units were granted on February 1, 2022, and vested fully after three years.
• 23 shares were acquired upon vesting at a price of $0.
• 10 shares were withheld for payment of tax liability at a price of $102.97 per share.
• Following these transactions, Teo directly owns 15,888 shares of common stock and indirectly owns 376 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard compensation practices, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Form 4, East West Bancorp, EWBC, Executive Vice President, Gary Teo, Stock transaction, Restricted Stock Units, Vesting, Tax withholding, Beneficial ownership