OPBK.NASDAQOp Bancorp

Form 4: OP Bancorp Chief Risk Officer Jae H. Park Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Op Bancorp
🔒Login to Follow

Jae H. Park, Chief Risk Officer of OP Bancorp, reports the vesting and subsequent disposal of restricted stock units and common stock.

Summary

  • On June 6, 2024, Jae H. Park, the Chief Risk Officer of OP Bancorp, reported transactions involving OP Bancorp's common stock.
  • Park acquired 3,846 shares of common stock through the vesting of restricted stock units.
  • Simultaneously, Park disposed of 3,846 shares to cover tax obligations at a price of $0.
  • Additionally, Park disposed of 1,225 shares of common stock at a price of $9.75.
  • Following these transactions, Park directly owns 5,141 shares of OP Bancorp common stock and 11,539 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation, with no indication of unusual or concerning activity. Therefore, the sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This filing indicates routine transactions related to equity compensation.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates

DateDescription
06/06/2022Reporting person was granted 19,231 shares of restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.
06/06/2024Date of stock transactions: vesting of restricted stock units and disposal of shares.
06/10/2024Date of signature for the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.