0001209191-23-025754.txt : 20230426
0001209191-23-025754.hdr.sgml : 20230426
20230426192920
ACCESSION NUMBER: 0001209191-23-025754
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230424
FILED AS OF DATE: 20230426
DATE AS OF CHANGE: 20230426
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Koh Peter
CENTRAL INDEX KEY: 0001521137
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50245
FILM NUMBER: 23851332
MAIL ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
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]
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
doc4.xml
FORM 4 SUBMISSION
X0407
4
2023-04-24
0
0001128361
HOPE BANCORP INC
HOPE
0001521137
Koh Peter
3200 WILSHIRE BLVD.
SUITE 1400
LOS ANGELES
CA
90010
0
1
0
0
SEVP & COO
0
Common Stock
2023-04-24
4
F
0
923
9.64
D
115498
D
Performance-based Restricted Stock Units
Common Stock
3806
3806
D
Performance-based Restricted Stock Units
Common Stock
3806
3806
D
Performance-based Restricted Stock Units
Common Stock
1903
1903
D
Performance-based Restricted Stock Units
Common Stock
2109
2109
D
Performance-based Restricted Stock Units
Common Stock
2109
2109
D
Performance-based Restricted Stock Units
Common Stock
1055
1055
D
Performance-based Restricted Stock Units
Common Stock
1880
1880
D
Performance-based Restricted Stock Units
Common Stock
1880
1880
D
Performance-based Restricted Stock Units
Common Stock
941
941
D
Incentive Stock Option (right to buy)
17.18
2026-09-01
Common Stock
20000
20000
D
Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
3,806 performance-based restricted stock units ("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.
3,806 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.
1,903 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.
2,109 performance-based restricted stock units ("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.
2,109 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.
1,055 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 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.
1,880 PRSU were granted on May 19, 2021 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, 2021 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.
1,880 PRSU were granted on May 19, 2021 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, 2021 through December 31, 2021. 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.
941 PRSU were granted on May 19, 2021 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, 2021 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.
Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. These options were fully vested as of September 1, 2021.
/s/Claire Hur as attorney-in-fact for Peter Koh
2023-04-26