Director at East West Bancorp (EWBC) receives 1,156-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SUSSMAN LESTER reported acquisition or exercise transactions in this Form 4 filing.
East West Bancorp director Lester Sussman received a grant of 1,156 shares of Common Stock at no cash cost, as part of the annual compensation program for non-employee directors. Following this award, he directly holds 25,946 shares of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SUSSMAN LESTER
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,156 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,946 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,156 shares
Grant price: $0.00 per share
Holdings after transaction: 25,946 shares
3 metrics
Shares granted
1,156 shares
Common Stock award on May 18, 2026
Grant price
$0.00 per share
Equity compensation grant, non-employee director
Holdings after transaction
25,946 shares
Direct ownership following grant
Key Terms
Grant, award, or other acquisition, non-employee directors, Common Stock
3 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
non-employee directors financial
"compensation program in effect for non-employee directors"
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
Common Stock financial
"Represents shares of common stock which the Reporting Person is entitled"
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.
FAQ
What insider transaction did EWBC director Lester Sussman report?
Lester Sussman reported receiving 1,156 shares of East West Bancorp Common Stock. The shares were granted at no cash cost as part of the annual compensation program for non-employee directors, increasing his direct holdings to 25,946 shares.
Was the EWBC stock award to Lester Sussman an open-market purchase?
No, the 1,156 EWBC shares were granted as compensation, not bought in the market. The Form 4 shows a transaction code A, indicating a grant or award with a price of $0.00 per share under the director compensation program.
What does the footnote in Lester Sussman’s EWBC Form 4 explain?
The footnote explains that the 1,156 shares represent Common Stock Sussman is entitled to receive annually. They are granted under the compensation program in effect for East West Bancorp’s non-employee directors, clarifying that this is routine board compensation.