Cathay General EVP awarded 1,611 RSUs
Lo Thomas M. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Lo Thomas M. reported acquisition or exercise transactions in this Form 4 filing.
CATHAY GENERAL BANCORP executive Thomas M. Lo, EVP and Chief Administrative Officer, reported an equity compensation award. He received 1,611 restricted stock units (RSUs), each representing a contingent right to one share of common stock.
The RSUs are scheduled to fully vest on June 26, 2029, or earlier upon death, disability, retirement, or change in control. After these transactions, Lo is shown as directly holding 2,000 shares of common stock and 1,611 RSUs, highlighting a mix of current ownership and deferred, time-based equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,611 shares
Grant/Award
2 txns
Insider
Lo Thomas M.
Role
EVP, Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,611 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,611 contracts (Direct);
Common Stock — 2,000 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer.
- F2. These restricted stock units are scheduled to fully vest on June 26, 2029, or earlier in the event of death, disability, retirement, or change in control.
Key Figures
RSUs granted: 1,611 units
Common shares held: 2,000 shares
RSU vesting date: June 26, 2029
+1 more
4 metrics
RSUs granted
1,611 units
Restricted stock units granted to Thomas M. Lo
Common shares held
2,000 shares
Common stock directly held after transactions
RSU vesting date
June 26, 2029
Scheduled full vesting date for 1,611 RSUs
Net buy/sell shares
0 shares
No net open-market buying or selling reported
Key Terms
Restricted Stock Units, Common Stock, change in control, retirement
4 terms
Restricted Stock Units financial
"These restricted stock units are scheduled to fully vest on June 26, 2029"
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.
Common Stock financial
"Each restricted stock unit represented a contingent right to receive one share of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
change in control financial
"vest on June 26, 2029, or earlier in the event of death, disability, retirement, or change in control"
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.
retirement financial
"or earlier in the event of death, disability, retirement, or change in control"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CATY executive Thomas M. Lo report?
Thomas M. Lo reported receiving 1,611 restricted stock units as equity compensation. Each unit represents a contingent right to one share of CATHAY GENERAL BANCORP common stock, adding to his existing directly held 2,000 common shares reported in the filing.
When do Thomas M. Lo’s 1,611 CATY restricted stock units vest?
The 1,611 restricted stock units are scheduled to fully vest on June 26, 2029. Vesting may occur earlier if there is death, disability, retirement, or a change in control, according to the terms described in the Form 4 footnotes.
What does each CATY restricted stock unit granted to Thomas M. Lo represent?
Each restricted stock unit represents a contingent right to receive one share of CATHAY GENERAL BANCORP common stock. The units do not become actual shares until they vest under the schedule and conditions described, including the June 26, 2029 vesting date.
Did the CATY Form 4 show any insider stock sales by Thomas M. Lo?
The Form 4 does not report any open-market stock sales by Thomas M. Lo. It shows an acquisition of 1,611 restricted stock units as a grant and a holding entry reflecting 2,000 shares of common stock owned directly after the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
