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Cathay General Bancorp insider trade: 4k share sale & RSU grant

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

Rhea-AI Filing Summary

Cathay General Bancorp (CATY) – Form 4 insider filing dated 07/01/2025 reports transactions by Thomas M. Lo, Executive Vice President & Chief Administrative Officer.

  • Non-derivative transaction: Lo disposed of 4,000 common shares (code “D”). No price was disclosed in the filing.
  • Derivative transaction: Lo was granted 2,518 Restricted Stock Units (RSUs) on 06/27/2025 (code “A”). Each RSU converts into one common share upon vesting.
  • Vesting schedule: The RSUs are scheduled to fully vest on 06/27/2028, or sooner upon death, disability, retirement, or a change in control.
  • Ownership form: All reported securities are held directly by the insider.
  • The filing was signed by attorney-in-fact Georgia Lo on 07/01/2025.

The combination of a moderate share sale and a routine equity award suggests normal executive compensation activity rather than a significant directional signal. Investors may nonetheless monitor subsequent filings for additional sales or changes in ownership levels.

Positive

  • 2,518 RSUs granted to EVP Thomas M. Lo, reinforcing long-term equity alignment with shareholders.

Negative

  • 4,000 common shares disposed by the EVP, slightly reducing his immediate ownership stake.

Insights

TL;DR: EVP sold 4,000 shares, granted 2,518 RSUs; net neutral signal.

The 4,000-share disposition represents a cash-raising event, but the simultaneous award of 2,518 RSUs is a standard component of executive compensation. Because RSUs do not vest until 2028, the immediate net exposure of the officer to CATY equity decreases. However, the volume is modest relative to typical insider holdings and does not, by itself, indicate a material change in sentiment or corporate outlook. The filing lacks sale price data, limiting insight into potential valuation views. Overall impact on valuation or liquidity is immaterial.

TL;DR: Routine compensation grant offsets modest insider sale; governance risk unchanged.

Granting RSUs that vest over three years aligns executive interests with long-term shareholder value. The reported sale is within normal diversification behavior and is not linked to a 10b5-1 plan, as the corresponding checkbox is left blank. No red flags—such as accelerated vesting or indirect ownership structures—appear. Therefore, governance posture remains steady and the event is not impactful for shareholders.

Insider Lo Thomas M.
Role EVP, Chief Admin Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,518 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 2,518 shares (Direct); Common Stock — 4,000 shares (Direct)
Footnotes (2)
  1. F1. Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer.
  2. F2. These restricted stock units are scheduled to fully vest on June 27, 2028, or earlier in the event of death, disability, retirement, or change in control.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

How many Cathay General Bancorp shares did EVP Thomas M. Lo sell?
He disposed of 4,000 common shares according to the Form 4.

What equity award did Thomas M. Lo receive in the filing?
He was granted 2,518 Restricted Stock Units, each convertible to one share upon vesting.

When will the 2,518 RSUs granted to CATY's EVP vest?
The RSUs are scheduled to fully vest on June 27, 2028, or earlier upon certain events like retirement or change in control.

Is the transaction part of a Rule 10b5-1 trading plan?
The filing does not mark the 10b5-1 checkbox, indicating the sale was not reported as part of a pre-arranged plan.

What is Thomas M. Lo’s position at Cathay General Bancorp?
He serves as Executive Vice President and Chief Administrative Officer.
SEC Form 4
FORM 4 UNITED 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*
Lo Thomas M.
(Last) (First) (Middle)
777 NORTH BROADWAY
(Street)
LOS ANGELES CA 90012
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CATHAY GENERAL BANCORP [ CATY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Admin Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 4,000 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 06/27/2025 A 2,518 (2) (2) Common Stock 2,518 $0 2,518 D
Explanation of Responses:
1. Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer.
2. These restricted stock units are scheduled to fully vest on June 27, 2028, or earlier in the event of death, disability, retirement, or change in control.
/s/ Georgia Lo, attorney-in-fact 07/01/2025
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR