Hanmi Financial CRO tax-withholds 360 shares
Hanmi Financial Corp’s Chief Risk Officer, Michael Du, reported a small tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Hanmi Financial Corp’s Chief Risk Officer, Michael Du, reported a small tax-related share disposition. On this Form 4, 360 shares of common stock were surrendered at $26.60 per share to cover tax obligations, a non‑market “tax-withholding disposition” rather than an open‑market sale. After this transaction, he directly holds 15,249 shares of Hanmi Financial common stock.
Insider Trade Summary
Exercise Price or Tax Liability: 360 shares
Exercise Price or Tax Liability
1 txn
Insider
Du Michael
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 360 | $26.60 | $10K |
Holdings After Transaction:
Common Stock — 15,249 shares (Direct)
Key Figures
Tax-withheld shares: 360 shares
Price per share: $26.60 per share
Post-transaction holdings: 15,249 shares
3 metrics
Tax-withheld shares
360 shares
Common Stock delivered to cover tax liability
Price per share
$26.60 per share
Value used for 360-share tax-withholding disposition
Post-transaction holdings
15,249 shares
Common Stock directly held by Michael Du after disposition
Key Terms
tax-withholding disposition, Common Stock, Chief Risk Officer, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: "Common Stock""
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.
Chief Risk Officer financial
"officer_title: "Chief Risk Officer""
The chief risk officer is the senior executive responsible for identifying, measuring and reducing the major threats that could hurt a company’s finances or reputation, acting like a navigator who watches for storms and steers the business away from them. Investors care because effective risk oversight lowers the chance of surprise losses, legal fines or operational failures, which helps protect shareholder value and makes a company more predictable and trustworthy.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hanmi Financial (HAFC) report for Michael Du?
Hanmi Financial reported that Chief Risk Officer Michael Du surrendered 360 common shares in a tax-withholding disposition. The shares were valued at $26.60 each and used to cover tax liabilities, rather than being sold on the open market.
Was the Hanmi Financial (HAFC) insider transaction an open-market sale?
No, the transaction was not an open-market sale. It was coded as a tax-withholding disposition, meaning 360 shares were delivered to satisfy tax obligations. This type of event is typically administrative and does not reflect a discretionary market trade.
What does transaction code “F” mean in the Hanmi Financial (HAFC) Form 4?
Code “F” in the Form 4 indicates a payment of an exercise price or tax liability by delivering securities. In this case, 360 Hanmi Financial common shares were used to cover tax obligations, classed as a tax-withholding disposition rather than a voluntary buy or sell.
What role does Michael Du hold at Hanmi Financial (HAFC)?
Michael Du is the Chief Risk Officer of Hanmi Financial Corp. His Form 4 filing reflects an insider transaction where 360 common shares were surrendered for taxes, leaving him with 15,249 directly held shares after the reported disposition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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