OP Bancorp (OPBK) chief executive converts 5,865 RSUs to stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OP Bancorp Chief Executive Officer Sang Kyo Oh reported a routine equity compensation event. He exercised restricted stock units, converting 5,865 units into the same number of shares of common stock at a stated price of $0.00 per share, which reflects a non-cash conversion rather than an open-market purchase.
Following the transaction, Oh directly holds 50,865 shares of common stock and 23,461 restricted stock units. The units convert to common stock on a one-for-one basis. Footnote disclosure states he had been granted 29,326 restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,865 shares exercised/converted
Mixed
2 txns
Insider
OH Sang Kyo
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 5,865 | $0.00 | -- |
| Exercise | Common Stock | 5,865 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 23,461 shares (Direct, null);
Common Stock — 50,865 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert to shares of common stock on a one-for-one basis. On July 1, 2025, the reporting person was granted 29,326 shares of restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.
Key Figures
RSUs exercised: 5,865 units
Exercise price: $0.00 per share
Common shares after: 50,865 shares
+2 more
5 metrics
RSUs exercised
5,865 units
Restricted stock units converted to common stock
Exercise price
$0.00 per share
Stated price for RSU-to-share conversion
Common shares after
50,865 shares
Direct common stock holdings following transaction
RSUs remaining
23,461 units
Restricted stock units held after the exercise
Original RSU grant
29,326 units
Grant vesting in five equal annual installments
Key Terms
Restricted Stock Unit, Exercise or conversion of derivative security, Common Stock, transaction code "M"
4 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
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.
transaction code "M" financial
"transaction_code: "M" for derivative exercise/conversion"
FAQ
What insider transaction did OP Bancorp (OPBK) report for CEO Sang Kyo Oh?
OP Bancorp (OPBK) reported that CEO Sang Kyo Oh exercised 5,865 restricted stock units into the same number of common shares. This was a non-cash derivative conversion, not an open-market stock purchase or sale, and reflects routine equity compensation activity.
What are the terms of the OP Bancorp (OPBK) CEO’s restricted stock unit grant?
Footnotes state that on July 1, 2025, CEO Sang Kyo Oh was granted 29,326 restricted stock units. These units vest in five equal annual installments, beginning on the first anniversary of the grant date, and each unit converts into one share of OP Bancorp common stock.
How many restricted stock units remain for the OP Bancorp (OPBK) CEO after the exercise?
Following the exercise, OP Bancorp (OPBK) CEO Sang Kyo Oh holds 23,461 restricted stock units. Each remaining unit is eligible to convert into one share of common stock, according to the one-for-one conversion ratio described in the Form 4 footnotes.