Form 4: Hope Bancorp EVP, General Counsel Angelee Harris Reports Changes in Beneficial Ownership

Angelee Harris, EVP and General Counsel of Hope Bancorp, reports transactions involving common stock and performance-based restricted stock units (PRSUs) on March 15, 2024.

Summary

• On March 15, 2024, Angelee Harris, EVP and General Counsel of Hope Bancorp, engaged in transactions involving the company's common stock and performance-based restricted stock units (PRSUs).
• Harris acquired 1,946 shares of common stock through the exercise of derivative securities at a price of $10.77 per share.
• She also acquired 726 shares of common stock through the exercise of derivative securities at a price of $10.77 per share.
• Simultaneously, 681 shares were disposed of to cover tax liabilities related to the vesting of previously granted awards at a price of $10.77 per share.
• An additional 260 shares were disposed of to cover tax liabilities related to the vesting of previously granted awards at a price of $10.77 per share.
• Following these transactions, Harris directly owns 26,094 shares of Hope Bancorp common stock.
• The transactions also involved the vesting or forfeiture of various performance-based restricted stock units (PRSUs) granted between 2021 and 2023, with vesting contingent upon Hope Bancorp's performance against specified metrics.

Sentiment

Score: 5

Explanation: This is a neutral report of insider transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine adjustments to the executive's stock holdings.

Key Dates