Director Joon Kyung Kim granted 5,783 RSUs at Hope Bancorp (HOPE)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kim Joon Kyung reported acquisition or exercise transactions in this Form 4 filing.
Hope Bancorp Inc. director Joon Kyung Kim reported receiving a grant of 5,783 shares of Common Stock valued at $12.45 per share as an equity award. This was a compensation-related grant, not an open-market purchase. Following the award, Kim directly holds 41,992 common shares.
According to the award terms, 5,783 Restricted Stock Units were granted on May 21, 2026 under the Hope Bancorp, Inc. 2024 Equity Incentive Plan. Each RSU represents a right to receive one share of Hope common stock, vesting on the earlier of the one-year anniversary of the grant date or the next Hope Bancorp stockholders meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kim Joon Kyung
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,783 | $12.45 | $72K |
Holdings After Transaction:
Common Stock — 41,992 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 5,783 units
Grant price: $12.45 per share
Shares owned after grant: 41,992 shares
3 metrics
RSUs granted
5,783 units
Restricted Stock Units granted on May 21, 2026
Grant price
$12.45 per share
Reported price for Common Stock associated with RSU grant
Shares owned after grant
41,992 shares
Total direct Hope Bancorp common shares following the transaction
Key Terms
Restricted Stock Units, 2024 Equity Incentive Plan, contingent right, vest
4 terms
Restricted Stock Units financial
"Total 5,783 Restricted Stock Units ("RSU") were granted on May 21,2026"
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.
2024 Equity Incentive Plan financial
"pursuant to the Hope Bancorp, Inc. 2024 Equity Incentive Plan"
contingent right financial
"Each RSU represents a contingent right to receive one share of Hope common stock"
vest financial
"5,783 shares will vest either on the one-year anniversary of grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Hope Bancorp (HOPE) director Joon Kyung Kim report in this Form 4?
Director Joon Kyung Kim reported receiving a grant of 5,783 Restricted Stock Units as equity compensation. These RSUs were awarded under the Hope Bancorp, Inc. 2024 Equity Incentive Plan and represent a contingent right to receive an equal number of Hope common shares.
Was Joon Kyung Kim’s Hope Bancorp (HOPE) transaction an open-market stock purchase?
No, the transaction was not an open-market purchase. The Form 4 shows a code “A” transaction classified as a grant or award of 5,783 Restricted Stock Units, received as compensation under the company’s 2024 Equity Incentive Plan rather than bought in the market.
What are the vesting terms for Joon Kyung Kim’s 5,783 Hope Bancorp RSUs?
The 5,783 Restricted Stock Units vest on the earlier of two dates: the one-year anniversary of the May 21, 2026 grant date or the date of the next Hope Bancorp stockholders meeting. Upon vesting, each RSU converts into one share of Hope common stock.
Under which plan were the Hope Bancorp (HOPE) RSUs granted to Joon Kyung Kim?
The RSUs were granted under the Hope Bancorp, Inc. 2024 Equity Incentive Plan. This plan provides for equity-based awards such as Restricted Stock Units, allowing directors like Joon Kyung Kim to receive compensation tied directly to the company’s common stock.