East West Bancorp Inc.
11/20/2024 | Press release | Distributed by Public on 11/20/2024 16:26
Material Event Form 8 K
Item 8.01. Other Events
On November 20, 2024, East West Bancorp, Inc. (the "Company") announced that Dominic Ng, Chairman of the Board and Chief Executive Officer of the Company and East West Bank, entered into a pre-arranged stock trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "10b5-1 Plan"). The 10b5-1 Plan provides for the sale of up to 120,000 shares of the Company's common stock. Trades under the 10b5-1 Plan may commence effective on March 6, 2025 and will terminate no later than December 19, 2025.
The 10b5-1 Plan was established during the Company's unrestricted trading window and at a time when Mr. Ng was not in possession of material, non-public information about the Company. Trades under the 10b5-1 Plan will occur on the open market at prevailing market prices and subject to minimum price thresholds specified in the 10b5-1 Plan. Any transactions under the 10b5-1 Plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.
Except as may be required by law, the Company does not undertake to report Rule 10b5-1 plans that may be adopted by any officers or directors in the future, or to report any modifications or termination of any publicly announced trading plan.