Form 4: OP Bancorp Director Hyung J. Kim Reports Stock Transactions
SEC Form 4 Filing
Director Hyung J. Kim reports the vesting and acquisition of restricted stock units in OP Bancorp.
Summary
- On June 27, 2024, Hyung J. Kim, a director of OP Bancorp, reported transactions involving restricted stock units.
- 3,601 restricted stock units vested and converted to common stock on June 27, 2024.
- Also on June 27, 2024, Kim was granted 3,226 new restricted stock units, which will vest on June 26, 2025.
- Following these transactions, Kim directly owns 3,226 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| June 22, 2023 | Reporting person was granted 3,601 shares of restricted stock units. |
| June 27, 2024 | 3,601 restricted stock units vested and converted to common stock. |
| June 27, 2024 | Reporting person was granted 3,226 shares of restricted stock units, vesting on June 26, 2025. |
| June 26, 2025 | Vesting date for 3,226 restricted stock units granted on June 27, 2024. |
| 07/02/2024 | Date of signature for the report. |
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