0000950170-24-098757.txt : 20240819
0000950170-24-098757.hdr.sgml : 20240819
20240819193003
ACCESSION NUMBER: 0000950170-24-098757
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240816
FILED AS OF DATE: 20240819
DATE AS OF CHANGE: 20240819
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stenger Thomas
CENTRAL INDEX KEY: 0001777703
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50245
FILM NUMBER: 241222262
MAIL ADDRESS:
STREET 1: 3200 WILSHIRE BLVD STE 1400
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HOPE BANCORP INC
CENTRAL INDEX KEY: 0001128361
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 954849715
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
STREET 2: SUITE 1400
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
BUSINESS PHONE: 2136391700
MAIL ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
STREET 2: SUITE 1400
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
FORMER COMPANY:
FORMER CONFORMED NAME: BBCN BANCORP INC
DATE OF NAME CHANGE: 20111207
FORMER COMPANY:
FORMER CONFORMED NAME: NARA BANCORP INC
DATE OF NAME CHANGE: 20001115
4
1
ownership.xml
4
X0508
4
2024-08-16
0001128361
HOPE BANCORP INC
HOPE
0001777703
Stenger Thomas
3200 WILSHIRE BLVD. STE. 1400
LOS ANGELES
CA
90010
false
true
false
false
SEVP, Chief Risk Officer
false
Common Stock
2024-08-16
4
S
false
3200
12.40
D
25952
D
Performance-based Restricted Stock Units
Common Stock
962
962
D
Performance-based Restricted Stock Units
Common Stock
1923
1923
D
Performance-based Restricted Stock Units
Common Stock
1923
1923
D
Performance-based Restricted Stock Units
Common Stock
1470
1470
D
Performance-based Restricted Stock Units
Common Stock
2941
2941
D
Performance-based Restricted Stock Units
Common Stock
2941
2941
D
Performance-based Restricted Stock Units
Common Stock
4432
4432
D
Performance-based Restricted Stock Units
Common Stock
4433
4433
D
962 performance-based RSUs ("PRSUs") were granted on March 23, 2022 pursuant to the 2017 Long Term Incentive Plan ("LTIP") and 2019 Incentive Compensation Plan ("ICP") and subject to a 3-year cliff vesting. Vesting of these
PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the bank's stated
peer group over a 12-quarter period from January 1, 2022 through December 31, 2024. Each PRSU represents a contingent right to receive one
share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the
Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated
basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
1,923 PRSU were granted on March 23, 2022 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these
PRSU shares depends upon Hope's achievement of a specified absolute earnings per share in relation to the bank's stated budget over a 12-
month period from January 1, 2022 through December 31, 2022. Each PRSU represents a contingent right to receive one share of Hope
common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold
goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the
Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
1,923 PRSU were granted on March 23, 2022 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these
PRSU shares depends upon Hope's achievement of a specified relative return on common tangible equity in relation to the bank's stated peer
group over a 12-quarter period from January 1, 2022 through December 31, 2024. Each PRSU represents a contingent right to receive one
share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if
the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a
prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
1,470 PRSU were granted on March 22, 2023 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these
PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the bank's stated
peer group over a 12-quarter period from January 1, 2023 through December 31, 2025. Each PRSU represents a contingent right to receive
one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target
if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a
prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
2,941 PRSU were granted on March 22, 2023 pursuant to the 2017 LTIP and 2019 ICP and
subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on common
tangible equity in relation to the bank's stated peer group over a 12-quarter period from January 1, 2023 through December 31, 2025. Each
PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is
reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but
the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch
goal is met or exceeded.
2,941 PRSU were granted on March 22, 2023 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these
PRSU shares depends upon Hope's achievement of a specified absolute earnings per share in relation to the bank's stated budget over a 12-
month period from January 1, 2023 through December 31, 2023. Each PRSU represents a contingent right to receive one share of Hope
common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold
goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the
Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
4,432 PRSU were granted on July 19, 2024 pursuant to the 2024 Equity Incentive Plan ("EIP") and subject to cliff vesting following completion of a 3-year performance period. Vesting of these PRSU shares depends upon Hope's achievement of a specified absolute return on average tangible common equity. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
4,433 PRSUs were granted on July 19, 2024 pursuant to the 2024 EIP and subject to cliff vesting following a three-year performance period. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over 12 quarter period from January 1, 2024 through December 31, 2026. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
/s/Claire Hur as attorney-in-fact for Thomas Stenger
2024-08-19