OP Bancorp (OPBK) COO exercises 4,000 RSUs, uses shares for taxes
Rhea-AI Filing Summary
OP Bancorp Chief Operating Officer Christine Yoon Oh exercised restricted stock units and settled related taxes in shares. She converted 4,000 restricted stock units into 4,000 shares of OP Bancorp common stock, consistent with the one-for-one conversion described in the footnotes.
Of these shares, 1,290 were disposed of as a tax-withholding transaction, meaning they were delivered to cover tax obligations rather than sold on the open market. Following these transactions, she directly holds 142,606 shares of OP Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,710 shares
Net Buy
3 txns
Insider
Oh Christine Yoon
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,290 | $14.11 | $18K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 142,606 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert to shares of common stock on a one-for-one basis.
- F2. On May 25, 2023, the reporting person was granted 12,000 shares of restricted stock units, vesting in 3 equal annual installments beginning on the first anniversary of the grant date.
Key Figures
RSUs exercised: 4,000 shares
Tax-withholding shares: 1,290 shares
Shares held after transactions: 143,896 shares
+3 more
6 metrics
RSUs exercised
4,000 shares
Restricted stock units converted to common stock on exercise date
Tax-withholding shares
1,290 shares
Shares delivered to satisfy tax liability on May 26, 2026
Shares held after transactions
143,896 shares
Direct OP Bancorp common stock holding following Form 4 transactions
RSU grant size
12,000 units
Restricted stock units granted on May 25, 2023, vesting over three years
RSU conversion ratio
1 : 1
Each restricted stock unit converts into one share of common stock
Form 4 tax price reference
$14.11 per share
Price per share used in tax-withholding disposition entry
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative security, vesting in 3 equal annual installments
4 terms
Restricted Stock Unit financial
"Restricted stock units convert to shares of common stock on a one-for-one basis."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting in 3 equal annual installments financial
"vesting in 3 equal annual installments beginning on the first anniversary of the grant date."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did OP Bancorp (OPBK) report for COO Christine Yoon Oh?
OP Bancorp reported that COO Christine Yoon Oh exercised 4,000 restricted stock units into common shares. In the same filing, 1,290 shares were disposed of to satisfy tax obligations, and her direct common stock holdings increased, ending at 143,896 shares.
What are the terms of the OP Bancorp (OPBK) restricted stock units mentioned in the filing?
The filing notes that restricted stock units convert to OP Bancorp common stock on a one-for-one basis. It also states that 12,000 restricted stock units were granted on May 25, 2023, vesting in three equal annual installments starting on the first anniversary of that grant date.
How many OP Bancorp (OPBK) restricted stock units did the COO originally receive under this grant?
The footnotes state that on May 25, 2023, the reporting person was granted 12,000 restricted stock units. These units vest in three equal annual installments beginning on the first anniversary of the grant date, and convert to common stock on a one-for-one basis when they vest.