Cathay General CFO granted new RSU awards
Wang Albert Jen-Wen reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Wang Albert Jen-Wen reported acquisition or exercise transactions in this Form 4 filing.
Cathay General Bancorp reported compensation-related equity awards for EVP and Chief Financial Officer Albert Jen-Wen Wang. On June 26, 2026, he received several grants of Restricted Stock Units (RSUs), including awards of 5,640, 3,134, 1,567, and 1,663 RSUs.
Each RSU represents a contingent right to receive one share of common stock upon vesting. Some awards can pay out between 0% and 150% of the target based on performance criteria and are scheduled to vest on December 31, 2028, subject to continued employment, with possible earlier vesting upon death, disability, retirement after December 31, 2027, or change in control.
Other RSU awards are scheduled to vest in two equal annual installments beginning June 26, 2027. A separate block of 4,012 RSUs, originally granted on December 8, 2025 as part of his new hire award and previously omitted from an earlier filing, is scheduled to vest on September 8, 2026. Following the reported transactions, the filing shows no directly held common stock shares and continuing direct holdings of unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 12,004 shares
Grant/Award
6 txns
Insider
Wang Albert Jen-Wen
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,663 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,567 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 3,134 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5,640 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 16,016 contracts for 4,012 underlying shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit represented a contingent right to receive one share of Common Stock upon vesting. The number of restricted stock units that are earned can be reduced by up to 100% of the target award or increased by up to 150% of the target award, depending upon the achievement of certain performance criteria.
- F2. These restricted stock units are scheduled to vest in a single installment on December 31, 2028, subject to continued employment, but may vest to some extent earlier in the event of death, disability, retirement after December 31, 2027 or a change in control, with the number of units earned being based on the achievement of certain performance criteria.
- F3. Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer.
- F4. These restricted stock units are scheduled to vest in 2 annual equal installments beginning June 26, 2027, or earlier in the event of death, disability, retirement, or change in control.
- F5. These restricted stock units are scheduled to vest on September 8, 2026, or earlier in the event of death, disability, retirement, or change in control. The restricted stock units were originally granted on December 8, 2025 as part of Reporting Person's new hire award but were inadvertently omitted from the Form 3 filed on March 2, 2026.
Key Figures
RSU grant: 5,640 units
RSU grant: 3,134 units
RSU grant: 1,567 units
+5 more
8 metrics
RSU grant
5,640 units
Restricted Stock Units granted June 26, 2026
RSU grant
3,134 units
Restricted Stock Units granted June 26, 2026
RSU grant
1,567 units
Restricted Stock Units granted June 26, 2026
RSU grant
1,663 units
Restricted Stock Units granted June 26, 2026
Existing RSUs
4,012 units
Previously granted RSUs underlying common stock
Single-installment vesting date
December 31, 2028
Scheduled vesting for performance-based RSUs
Installment vesting start
June 26, 2027
Two annual equal installments for certain RSUs
New hire RSU vesting
September 8, 2026
Vesting date for 4,012-unit new hire award
Key Terms
Restricted Stock Units, performance criteria, change in control, new hire award, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represented a contingent right to receive one share of Common Stock"
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.
performance criteria financial
"depending upon the achievement of certain performance criteria"
change in control financial
"or a change in control, with the number of units earned being based on the achievement"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
new hire award financial
"were originally granted on December 8, 2025 as part of Reporting Person's new hire award"
Form 3 regulatory
"but were inadvertently omitted from the Form 3 filed on March 2, 2026"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Cathay General Bancorp (CATY) grant its CFO?
Cathay General Bancorp granted EVP and CFO Albert Jen-Wen Wang multiple Restricted Stock Unit awards, including grants of 5,640, 3,134, 1,567, and 1,663 RSUs. Each unit can convert into one share of common stock upon vesting, subject to specified conditions.
How are the new RSU awards for CATY’s CFO structured and paid out?
The RSUs each represent a contingent right to one common share upon vesting. For certain awards, the payout can range from 0% to 150% of the target number of RSUs, depending on achievement of defined performance criteria set by Cathay General Bancorp.
When do Cathay General Bancorp CFO Albert Wang’s RSUs vest?
Some RSU awards are scheduled to vest in a single installment on December 31, 2028, subject to continued employment. Others are scheduled to vest in two equal annual installments beginning June 26, 2027, with possible accelerated vesting upon death, disability, retirement, or change in control.
What performance conditions affect the CATY CFO’s RSU awards?
For certain grants, the number of RSUs ultimately earned can be reduced to 0% or increased up to 150% of the target award. The final payout depends on the achievement of specified performance criteria over the measurement period defined by Cathay General Bancorp.
What is the status of the previously omitted 4,012 CATY RSUs?
The filing notes 4,012 RSUs originally granted on December 8, 2025 as part of the CFO’s new hire award. They were inadvertently omitted from a prior Form 3 and are scheduled to vest on September 8, 2026, with possible earlier vesting upon qualifying events.
Does the CATY CFO currently hold common stock directly after these transactions?
According to the filing, the CFO’s directly held common stock position is shown as zero shares following the reported transactions. His equity exposure instead comes from unvested Restricted Stock Units that may convert into common shares upon meeting vesting and performance conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
