Form 4: OP Bancorp CFO Christine Oh Reports Stock Transactions
SEC Form 4 Filing
Christine Oh, CFO of OP Bancorp, reported the vesting and subsequent tax withholding of restricted stock units.
Summary
- On May 28, 2024, Christine Oh, the Chief Financial Officer of OP Bancorp, reported transactions involving common stock.
- She acquired 4,000 shares of common stock through the vesting of restricted stock units.
- Simultaneously, she disposed of 1,282 shares to cover tax obligations at a price of $9.32 per share.
- Following these transactions, Oh directly owns 130,496 shares of OP Bancorp common stock and 8,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 05/25/2023 | Reporting person was granted 12,000 shares of restricted stock units, vesting in 3 equal annual installments beginning on the first anniversary of the grant date. |
| 05/28/2024 | Date of stock transactions: vesting of 4,000 restricted stock units and disposal of 1,282 shares for tax obligations. |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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