Form 4: HOPE Bancorp COO Sells Shares for Tax Liability
Insider Transaction Report
Peter Koh, SEVP & COO of HOPE Bancorp Inc., disposed of 1,382 shares of common stock to cover tax obligations from a vested equity award.
Summary
- Peter Koh, SEVP & COO of HOPE Bancorp Inc. (HOPE), reported a transaction on July 21, 2025.
- Disposed of 1,382 shares of HOPE common stock at a price of $11.36 per share.
- The disposition was made to satisfy tax liability incurred from the vesting of a previously granted equity award.
- Following this transaction, Peter Koh directly beneficially owns 136,068 shares of common stock.
- Additionally, Peter Koh holds 20,000 Incentive Stock Options (right to buy) at an exercise price of $17.18, which were granted on September 1, 2016, fully vested by September 1, 2021, and expire on September 1, 2026.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares to cover tax obligations from vested equity, which is a neutral event and does not indicate positive or negative sentiment regarding the company's prospects.
Positives
- The transaction is a routine disposition for tax purposes, indicating a standard compensation event rather than a discretionary sale based on market outlook.
- Peter Koh retains a significant beneficial ownership of 136,068 common shares and 20,000 stock options, demonstrating continued alignment with shareholder interests.
Negatives
- No specific negatives are indicated by this routine tax-related disposition.
Risks
- NA
Future Outlook
The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports an insider transaction.
Management Comments
- NA
Industry Context
This filing is a routine insider transaction report for a financial institution. Such tax-related dispositions are common across all industries when equity compensation vests, and do not reflect broader industry trends or competitive positioning.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Minimal direct impact as it is a routine tax-related sale of a relatively small number of shares compared to total outstanding shares, and the insider retains significant holdings.
- Employees, Customers, Suppliers, Creditors: No direct impact from this specific transaction.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 09/01/2016 | Date Incentive Stock Options were granted. |
| 09/01/2021 | Date Incentive Stock Options became fully vested. |
| 07/21/2025 | Date of common stock disposition to satisfy tax liability. |
| 07/23/2025 | Date the Form 4 filing was signed. |
| 09/01/2026 | Expiration date of Incentive Stock Options. |
Keywords
HOPE Bancorp, HOPE, Peter Koh, Form 4, Insider Transaction, Stock Sale, Tax Liability, Equity Compensation, Beneficial Ownership, Stock Options
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