Cathay General Bancorp CEO Liu Chang's Performance-Based RSU Vesting and Stock Sale
This Form 4 filing reports that Cathay General Bancorp's President & CEO Liu Chang had performance-based restricted stock units (RSUs) vest on December 31, 2025, with the transactions reported on April 1, 2026. The filing details three separate RSU grants that vested based on achievement of performance criteria, resulting in the acquisition of 49,223 shares of common stock. The RSUs were originally granted on July 27, 2023, and earned at varying percentages of target awards: 121.74% (11,581 shares), 150% (12,124 shares), and 52.875% (24,249 shares) of their respective target awards. Following the vesting, Liu Chang sold 25,046 shares of common stock at $50.69 per share, resulting in total proceeds of approximately $1.27 million. After these transactions, Liu Chang's direct ownership in Cathay General Bancorp stands at 132,655 shares of common stock.