Form 4: East West Bancorp Vice Chairman Krause Reports Stock Transactions
SEC Form 4 Filing
Douglas Paul Krause, Vice Chairman of East West Bancorp, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Douglas Paul Krause, Vice Chairman of East West Bancorp, filed a Form 4 on February 5, 2025.
- The report details transactions occurring on February 1, 2025, related to time-based restricted stock units.
- 23 shares were acquired upon vesting of restricted stock units at a price of $0.
- 10 shares were disposed of to cover tax liabilities at a price of $102.97.
- Following these transactions, Krause directly owns 45,416 shares of East West Bancorp common stock and indirectly owns 27,167 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing routine stock transactions.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This filing indicates standard compensation practices involving stock-based awards.
Comparison to Industry Standards
- Stock-based compensation is a common practice across the financial industry, used to align the interests of executives with those of shareholders.
- Companies like JPMorgan Chase, Bank of America, and Wells Fargo also utilize restricted stock units as part of their executive compensation packages.
- The vesting schedules and tax withholding practices are generally consistent with industry norms.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/01/2022 | Date of grant for Time-Based Restricted Stock Units with full cliff vesting in three years. |
| 01/31/2025 | Closing price of issuer's common stock used for tax withholding calculation. |
| 02/01/2025 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 02/05/2025 | Date of Form 4 filing. |
Keywords
Form 4, East West Bancorp, EWBC, Krause, Restricted Stock Units, Vesting, Tax Withholding, Beneficial Ownership, Officer, Vice Chairman
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