Form 4: OP Bancorp Director Soo Hun Jung Reports Stock Transactions
SEC Form 4 Filing
Director Soo Hun Jung reports acquisition and disposal of OP Bancorp stock units on June 27, 2024, according to a Form 4 filing.
Summary
- On June 27, 2024, Soo Hun Jung, a director of OP Bancorp, reported transactions involving restricted stock units.
- Jung acquired 3,226 restricted stock units that will vest on June 26, 2025.
- Additionally, 3,601 restricted stock units, which were granted on June 22, 2023, vested on June 27, 2024, and were converted to common stock.
- Following these transactions, Jung directly owns 241,988 shares of OP Bancorp common stock and 3,226 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a standard regulatory filing reporting stock transactions by a company director. There is no inherent positive or negative implication.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like directors, who trade in their company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps maintain investor confidence by ensuring compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| June 22, 2023 | Reporting person was granted 3,601 shares of restricted stock units. |
| June 27, 2024 | Earliest transaction date; 3,601 restricted stock units vested; 3,226 restricted stock units granted. |
| June 26, 2025 | Vesting date for 3,226 restricted stock units granted on June 27, 2024. |
| July 02, 2024 | Date of signature for the Form 4 filing. |
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