Form 4: OP Bancorp CEO Min Kim Reports Stock Transactions
SEC Form 4 Filing
OP Bancorp CEO Min Kim reports the acquisition of 21,407 shares and disposition of 6,861 shares of common stock on June 24, 2024.
Summary
- On June 24, 2024, Min Kim, the CEO of OP Bancorp, engaged in transactions involving the company's stock.
- Kim acquired 21,407 shares of common stock through the conversion of restricted stock units.
- Additionally, Kim disposed of 6,861 shares to cover tax obligations at a price of $9.45 per share.
- Following these transactions, Kim directly owns 611,425 shares of OP Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive stock ownership.
- The filing ensures compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 06/24/2021 | Reporting person was granted 64,219 shares of restricted stock units, vesting in 3 equal annual installments beginning on the first anniversary of the grant date. |
| 06/24/2024 | Date of stock acquisition and disposition transactions. |
| 06/26/2024 | Date of signature for the Form 4 filing. |
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