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Cathay General (CATY) awards CFO multiple new RSU grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Wang Albert Jen-Wen
Role EVP, Chief Financial Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,663 $0.00 --
Grant/Award Restricted Stock Units 1,567 $0.00 --
Grant/Award Restricted Stock Units 3,134 $0.00 --
Grant/Award Restricted Stock Units 5,640 $0.00 --
holding Restricted Stock Units -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,663 shares (Direct, null); Common Stock — 0 shares (Direct, null)
Footnotes (1)
  1. 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. 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. Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer. 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. 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.
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
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wang Albert Jen-Wen
(Last)(First)(Middle)
777 NORTH BROADWAY
(Street)
LOS ANGELES CALIFORNIA 90012
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CATHAY GENERAL BANCORP [ CATY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock0D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/26/2026A1,663(1) (2) (2)Common Stock1,663(1)1,663D
Restricted Stock Units(1)06/26/2026A1,567(1) (2) (2)Common Stock1,567(1)1,567D
Restricted Stock Units(1)06/26/2026A3,134(1) (2) (2)Common Stock3,134(1)3,134D
Restricted Stock Units(3)06/26/2026A5,640 (4) (4)Common Stock5,640$05,640D
Restricted Stock Units(3) (5) (5)Common Stock4,0124,012D
Explanation of Responses:
1. 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.
2. 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.
3. Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer.
4. 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.
5. 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.
/s/ Georgia Lo, attorney-in-fact06/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.