OP Bancorp (NASDAQ: OPBK) CFO exercises RSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OP Bancorp Chief Financial Officer Jaehyun Park reported equity compensation activity involving restricted stock units and common shares. On March 3, 2026, 1,535 restricted stock units were exercised into 1,535 shares of common stock at a stated price of $0.00 per share.
On the same date, 577 common shares were disposed of at $13.39 per share in a tax-withholding transaction related to this equity award, leaving 958 common shares directly owned after the withholding. Following the RSU exercise, 6,140 restricted stock units remained directly held.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,535 shares exercised/converted
Mixed
3 txns
Insider
Park Jaehyun
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,535 | $0.00 | -- |
| Exercise | Common Stock | 1,535 | $0.00 | -- |
| Tax Withholding | Common Stock | 577 | $13.39 | $8K |
Holdings After Transaction:
Restricted Stock Unit — 6,140 shares (Direct);
Common Stock — 1,535 shares (Direct)
Footnotes (1)
- Restricted stock units convert to shares of common stock on a one-for-one basis. On March 3, 2025, the reporting person was granted 7,675 shares of restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transactions did OP Bancorp (OPBK) report for its CFO?
OP Bancorp’s CFO Jaehyun Park reported exercising 1,535 restricted stock units into common shares and disposing of 577 common shares to cover tax obligations. These transactions reflect routine equity compensation activity rather than an open-market purchase or sale of shares.
What does the RSU exercise mean for OP Bancorp (OPBK) CFO ownership?
The RSU exercise converted 1,535 restricted stock units into 1,535 common shares directly owned by the CFO. After this and the related tax withholding, the CFO held 958 common shares and 6,140 remaining restricted stock units, indicating continued equity-based alignment with shareholders.
How are the OP Bancorp restricted stock units structured for the CFO?
Restricted stock units convert to OP Bancorp common stock on a one-for-one basis. A prior grant of 7,675 RSUs to the CFO vests in five equal annual installments, beginning on the first anniversary of the March 3, 2025 grant date, subject to continued service conditions.