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Cathay General Bancorp (CATY) Executive Chairman receives new performance-based RSU grants

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

Rhea-AI Filing Summary

CHENG DUNSON K reported acquisition or exercise transactions in this Form 4 filing.

Cathay General Bancorp Executive Chairman Dunson K. Cheng reported new equity awards and updated share holdings. On June 26, 2026, he received three grants of restricted stock units covering 9,186, 4,593, and 4,875 units, each representing a right to receive one share of common stock upon vesting.

The number of units ultimately earned can range from 0% to 150% of the target awards based on specified performance criteria. These awards are scheduled to vest in a single installment on December 31, 2028, subject to continued employment, with potential earlier vesting upon death, disability, qualifying retirement after December 31, 2027, or a change in control.

The filing also lists Cheng’s post-transaction holdings in common stock, including direct ownership and indirect holdings through an ESOP, a Nonmarital Share Trust, and a Husband & Wife Trust, providing a snapshot of his overall equity position in the company.

Positive

  • None.

Negative

  • None.
Insider CHENG DUNSON K
Role Executive Chairman
Type Security Shares Price Value
Grant/Award Restricted Stock Units 4,875 $0.00 --
Grant/Award Restricted Stock Units 4,593 $0.00 --
Grant/Award Restricted Stock Units 9,186 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 4,875 shares (Direct, null); Common Stock — 384,577 shares (Indirect, Husband & Wife Trust); Common Stock — 167,531 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.
RSU grant 1 9,186 units Restricted stock units granted on June 26, 2026
RSU grant 2 4,593 units Restricted stock units granted on June 26, 2026
RSU grant 3 4,875 units Restricted stock units granted on June 26, 2026
Direct common stock holding 167,531 shares Common stock directly owned after transactions
ESOP indirect holding 102,888 shares Common stock held indirectly by ESOP
Nonmarital Share Trust holding 182,452 shares Common stock held indirectly via Nonmarital Share Trust
Husband & Wife Trust holding 384,577 shares Common stock held indirectly via Husband & Wife Trust
RSU vesting date December 31, 2028 Scheduled single-installment vesting date for RSUs
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.
ESOP financial
"Common Stock ... indirect ... nature_of_ownership: By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Nonmarital Share Trust financial
"Common Stock ... indirect ... nature_of_ownership: Nonmarital Share Trust"
Husband & Wife Trust financial
"Common Stock ... indirect ... nature_of_ownership: Husband & Wife Trust"
change in control financial
"may vest to some extent earlier in the event of death, disability, retirement ... or a 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.
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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*
CHENG DUNSON K
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Executive Chairman
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 Stock384,577IHusband & Wife Trust
Common Stock182,452INonmarital Share Trust
Common Stock102,888IBy ESOP
Common Stock167,531D
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)06/26/2026A4,875(1) (2) (2)Common Stock4,875(1)4,875D
Restricted Stock Units(1)06/26/2026A4,593(1) (2) (2)Common Stock4,593(1)4,593D
Restricted Stock Units(1)06/26/2026A9,186(1) (2) (2)Common Stock9,186(1)9,186D
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.
/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 insider transactions did Cathay General Bancorp (CATY) report for Dunson K. Cheng?

Cathay General Bancorp reported that Executive Chairman Dunson K. Cheng received three grants of restricted stock units on June 26, 2026. These awards cover 9,186, 4,593, and 4,875 units, each convertible into one share of common stock upon vesting, subject to performance conditions.

How do the new restricted stock units for CATY’s Executive Chairman vest?

The restricted stock units granted to CATY’s Executive Chairman are scheduled to vest in a single installment on December 31, 2028, subject to continued employment. They may vest earlier in part in cases of death, disability, qualifying retirement after December 31, 2027, or a change in control, based on performance.

Are the Cathay General Bancorp (CATY) restricted stock units performance-based?

Yes. Each CATY restricted stock unit award can be reduced to zero or increased to 150% of the target amount. The final number of units earned depends on achieving specified performance criteria, making these grants performance-based rather than guaranteed share awards.

What common stock holdings does Dunson K. Cheng report in the CATY Form 4?

The Form 4 shows direct ownership of 167,531 CATY common shares and indirect holdings through several vehicles. These include 102,888 shares by an ESOP, 182,452 shares in a Nonmarital Share Trust, and 384,577 shares in a Husband & Wife Trust, reflecting multiple ownership forms.

What type of security was granted to the Cathay General Bancorp (CATY) Executive Chairman?

The Cathay General Bancorp Executive Chairman was granted restricted stock units, each representing a contingent right to receive one share of common stock. These units have a grant price of $0.00, vest based on time and performance, and may adjust between 0% and 150% of target.

Does the CATY Form 4 show any stock sales or open-market purchases?

The Form 4 for CATY primarily reflects grants of restricted stock units and updated holdings. It does not report any open-market purchases or sales by the Executive Chairman in this filing, focusing instead on compensation-related equity awards and ownership balances.