Cathay General Bancorp EVP acquires 2,896 shares
Cathay General Bancorp executive Thomas M. Lo, EVP and Chief Administrative Officer, reported the vesting and conversion of 2,896 restricted stock units into an equal number of shares of common stock at no cost on July 27, 2026.
Rhea-AI Filing Summary
Cathay General Bancorp executive Thomas M. Lo, EVP and Chief Administrative Officer, reported the vesting and conversion of 2,896 restricted stock units into an equal number of shares of common stock at no cost on July 27, 2026. On the same date, 934 shares of common stock were disposed of at $62.5600 per share in a transaction reported as payment of obligations by delivering or withholding shares. This RSU award was originally reported in January 2024 and is now fully vested.
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Insider Trade Summary
2,896 shares exercised/converted
Exercise
3 txns
Insider
Lo Thomas M.
Role
EVP, Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 2,896 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,896 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 934 | $62.56 | $58K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 3,962 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer.
- F2. The reporting person previously reported the award of 2,896 shares of restricted stock units on Form 3 filed January 25, 2024. All of these restricted stock units vested on July 27, 2026.
Key Figures
RSUs vested and converted: 2,896 units
Common shares acquired from RSUs: 2,896 shares
Shares disposed via delivery/withholding: 934 shares
+2 more
5 metrics
RSUs vested and converted
2,896 units
Restricted Stock Units vested into common stock on July 27, 2026
Common shares acquired from RSUs
2,896 shares
Shares of common stock received upon RSU vesting and conversion
Shares disposed via delivery/withholding
934 shares
Common stock disposed in payment-related transaction on July 27, 2026
Per-share amount for disposed shares
$62.5600 per share
Price applied to 934-share disposition coded as payment by delivering or withholding securities
RSU conversion price
$0.0000 per unit
Reported price for conversion of 2,896 Restricted Stock Units into common stock
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities, Rule 10b5-1
4 terms
Restricted Stock Units financial
"Each restricted stock unit represented a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Exercise or conversion of derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering or withholding securities financial
"Transaction code F is described as Payment of exercise price or tax liability by delivering or withholding"
Rule 10b5-1 regulatory
"The filing includes a Rule 10b5-1 checkbox indicating trading plan status"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cathay General Bancorp (CATY) report for Thomas M. Lo?
Cathay General Bancorp reported that EVP Thomas M. Lo had 2,896 restricted stock units vest and convert into common shares on July 27, 2026. A related transaction disposed of 934 shares at $62.5600 per share through delivery or withholding.
How many Cathay General Bancorp (CATY) RSUs vested for Thomas M. Lo?
A total of 2,896 restricted stock units vested for Thomas M. Lo, converting into an equal number of common shares. These RSUs were originally awarded and reported in January 2024 and fully vested on July 27, 2026.
Were Thomas M. Lo's CATY transactions made under a Rule 10b5-1 plan?
The filing's Rule 10b5-1 checkbox was not marked as affirming use of a trading plan. The transactions are therefore not reported as being executed pursuant to a Rule 10b5-1 pre-arranged trading arrangement.
What derivative security did Thomas M. Lo convert at Cathay General Bancorp (CATY)?
Thomas M. Lo converted 2,896 Restricted Stock Units, each representing a right to receive one share of Cathay General Bancorp common stock. The conversion occurred at a reported price of $0.0000 per unit, consistent with normal RSU vesting.
When did the previously awarded RSUs for CATY's Thomas M. Lo fully vest?
The RSU award of 2,896 units previously reported in January 2024 fully vested on July 27, 2026. On that date, the units converted into common shares and a portion of shares was disposed of via delivery or withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
