Cathay General CFO converts 4,012 RSUs to stock
Cathay General Bancorp’s CFO settled 4,012 RSUs into common stock, with 1,294 shares withheld to cover exercise price or tax obligations.
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Form Type
4
Rhea-AI Filing Summary
CATHAY GENERAL BANCORP (CATY) reported that EVP and Chief Financial Officer Albert Jen-Wen Wang settled 4,012 restricted stock units into an equal number of shares of Common Stock on September 8, 2026. All 4,012 units vested that day, and 1,294 shares were delivered or withheld to pay the exercise price or tax liability at $61.86 per share. No Rule 10b5-1 trading plan is reported for these transactions.
Insider Trade Summary
4,012 shares exercised/converted
Exercise
3 txns
Insider
Wang Albert Jen-Wen
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 4,012 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,012 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,294 | $61.86 | $80K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 2,718 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 4,012 restricted stock units, on Form 4 filed June 30, 2026. All of the restricted stock units were vested on September 8, 2026.
Key Figures
Restricted stock units converted: 4,012 units
Common Stock acquired from RSU conversion: 4,012 shares
Shares withheld for exercise price or tax liability: 1,294 shares
+2 more
5 metrics
Restricted stock units converted
4,012 units
RSUs exercised or converted into Common Stock on September 8, 2026
Common Stock acquired from RSU conversion
4,012 shares
Shares of Cathay General Bancorp Common Stock received on September 8, 2026
Shares withheld for exercise price or tax liability
1,294 shares
Common Stock delivered or withheld in code F transaction on September 8, 2026
Per-share amount for tax or exercise withholding
$61.86 per share
Price applied to 1,294 Common Stock shares in code F transaction
RSUs remaining from this award after conversion
0 units
Total restricted stock units following the derivative transaction
Key Terms
Restricted Stock Units, derivative security, Rule 10b5-1 trading plan, tax liability
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transaction did CATY’s CFO report on this Form 4?
EVP and Chief Financial Officer Albert Jen-Wen Wang settled 4,012 restricted stock units into 4,012 shares of Common Stock on September 8, 2026, through an exercise or conversion of a derivative security.
What RSU award did the CATY Form 4 reference, and when did it vest?
The filing references a previously reported award of 4,012 restricted stock units reported on a Form 4 filed June 30, 2026. The footnote states that all 4,012 restricted stock units vested on September 8, 2026.
Does the CATY Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating that these transactions were made pursuant to a Rule 10b5-1 trading plan.
What type of securities did the CATY CFO hold before and after the RSU conversion?
The reporting shows restricted stock units converting into Common Stock. After the transaction, the derivative position shows 0 restricted stock units remaining from that award; post-transaction Common Stock holdings are not specified in this data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
