Hope Bancorp (NASDAQ: HOPE) details insider tax-withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hope Bancorp Inc. senior executive Jason K. Kim reported routine tax-related share dispositions. On March 24, 1,895 shares of common stock were withheld at $10.84 per share, and on March 25, 1,231 shares were withheld at $11.05 per share to satisfy tax liabilities from vesting of a prior equity award. After these transactions, he directly held 76,540 shares of common stock and had an additional 4,677 shares reported as indirectly owned by his wife. These dispositions reflect tax withholding rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KIM JASON K
Role
SEVP, Chief Bus. Bnking Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,231 | $11.05 | $14K |
| Tax Withholding | Common Stock | 1,895 | $10.84 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 76,540 shares (Direct);
Common Stock — 4,677 shares (Indirect, By Wife)
Footnotes (1)
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FAQ
What insider transaction did HOPE report for Jason K. Kim?
Hope Bancorp reported that executive Jason K. Kim had shares withheld to cover tax obligations from a vesting equity award. Two tax-withholding dispositions reduced his holdings slightly while remaining a routine, non-market transaction rather than an open-market purchase or sale.
Did Jason K. Kim sell HOPE stock on the open market?
The reported transactions were tax-withholding dispositions, not open-market sales. Shares were delivered to cover tax liabilities tied to a vesting equity award, consistent with discretionary withholding rather than a voluntary decision to trade shares in the market.