Cathay General Bancorp (CATY) grants performance-based RSUs to EVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deen Diana G. reported acquisition or exercise transactions in this Form 4 filing.
Cathay General Bancorp reported that EVP and Chief Risk Officer Diana G. Deen received multiple restricted stock unit (RSU) awards tied to the company’s common stock. On June 26, 2026, she was granted RSUs covering 3,400, 1,700, and 1,804 underlying shares, all at a grant price of $0.00 per unit.
Each RSU represents a contingent right to receive one share of common stock upon vesting, with the final number earned adjustable from 0% to 150% of the target based on specified performance criteria. The RSUs are scheduled to vest in a single installment on December 31, 2028, subject to continued employment, with potential earlier vesting in certain cases such as death, disability, qualifying retirement after December 31, 2027, or a change in control, again based on performance achievement.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Deen Diana G.
Role
EVP, Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,804 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,700 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,400 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,804 shares (Direct, null);
Common Stock — 0 shares (Direct, null)
Footnotes (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.
Key Figures
RSU grant 1: 3,400 units
RSU grant 2: 1,700 units
RSU grant 3: 1,804 units
+1 more
4 metrics
RSU grant 1
3,400 units
Restricted Stock Units granted June 26, 2026
RSU grant 2
1,700 units
Restricted Stock Units granted June 26, 2026
RSU grant 3
1,804 units
Restricted Stock Units granted June 26, 2026
Vesting date
December 31, 2028
Scheduled single-installment vesting for RSU awards
Key Terms
Restricted Stock Units, performance criteria, change in control
3 terms
Restricted Stock Units financial
"Each restricted stock unit represented a contingent right to receive one share of Common Stock upon vesting."
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
"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."
change in control financial
"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."
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.
FAQ
What insider transactions did CATY EVP Diana G. Deen report on this Form 4?
Diana G. Deen reported receiving several restricted stock unit grants on June 26, 2026. These RSUs cover 3,400, 1,700, and 1,804 underlying shares of Cathay General Bancorp common stock, each granted at $0.00 per unit as part of equity-based compensation.
How many Cathay General Bancorp RSUs were granted to Diana G. Deen?
She was granted three restricted stock unit awards covering 3,400, 1,700, and 1,804 underlying shares of common stock. Each RSU corresponds to one potential share, with the actual number earned adjusted by performance criteria between 0% and 150% of target.
When do Diana G. Deen’s CATY restricted stock units vest?
The restricted stock units are scheduled to vest in a single installment on December 31, 2028, subject to continued employment. They may vest earlier in part upon events like death, disability, retirement after December 31, 2027, or a change in control, depending on performance.
Are Diana G. Deen’s CATY RSU awards performance-based?
Yes. Each restricted stock unit award is performance-based, with payouts ranging from 0% to 150% of the target number. The final number of shares earned depends on achieving specified performance criteria over the applicable measurement period set by the company.
Does Diana G. Deen pay anything for her Cathay General Bancorp RSUs?
No cash payment is required for these RSUs; the grant price is listed as $0.00 per unit. Each unit represents a contingent right to receive one share of common stock upon vesting, provided employment and performance conditions are satisfied under the award terms.