In 2020, Pin Tai earned $2.34M in total compensation at Cathay General Bancorp, including $617.40K salary, $110.61K bonus and $1.59M in stock. Most recently sold 25,000 shares in Nov 2015. Currently holds stock worth $4.71M. Has donated $50.07K in stock to charitable causes. Led Cathay General Bancorp as CEO for 3 years.
Compensation History
Annual executive compensation data for Pin Tai, including salary, bonuses, and stock awards.
Year
2020
Total Compensation
$2.34M
Salary
$617.40K
Bonus
$110.61K
Other
$14.25K
Salary
$617.40KBoard Justification
The compensation philosophy aims to attract, motivate, and retain capable executive management while aligning their interests with those of stockholders through performance-based compensation.
Bonus
$110.61KBoard Justification
Mr. Tai's bonus for 2020 was established pursuant to the terms of his 2019 employment agreement, which provided that his bonus would be $110,614, provided that he remained employed through September 30, 2020 and signed a separation agreement and general release, which conditions were satisfied.
Other Compensation
$14.25KBoard Justification
This amount consists of employer contributions under the 401(k) Profit Sharing Plan.
Restricted Stock
Board Justification
The number of shares acquired on vesting for Mr. Tai during 2020 was 40,818 shares, which represents the performance-based RSUs that vested during the year.
Performance Metrics
The performance metrics for Mr. Tai's bonus were based on EPS and ROA targets, with specific adjustments made due to the impact of the COVID-19 pandemic.
Pin Tai
Ex-CEO of Cathay General Bancorp
Education
Not specified
Field of Expertise
Finance & Banking - Banking
Sector of Economy
Financial Services
Born
January 1, 1967 - 58 years ago
CEO of Cathay General Bancorp for
3 years 11 months (Oct 2016 - Sep 2020)
Previous Experience
Chief Executive Officer and President of Cathay Bank since 2016, President and Director of Cathay Bank since 2015, General Manager at Cathay Bank since 1999.
Other Cathay General Bancorp CEOs
Holdings
Track Pin Tai's stock holdings and portfolio value over time.
Total Stock Sold
$1.82M
$1.82M
61,746 CATY shares
What if they kept their stock?
If Pin Tai didn't sell their stock, today they would have:
Extra CATY61,746 shares worth $3.09M.
This is 70.21% and $1.28M more than what they got when they sold the stock.
Charitable Transactions
1,000 shares
CATY
Recent Charitable Transactions
1,000 shares
CATY
Nov 19, 2015
Charity
Insider Trading
Pin Tai's recent stock transactions, purchases, and sales filed with the SEC.
1,000 shares
CATY
Nov 19, 2015
Charity
$850.00K
CATY at $34.00/share
Nov 18, 2015
Sale
$118.00K
CATY at $29.50/share
May 13, 2015
Sale
$191.23K
CATY at $26.00/share
Feb 27, 2015
Sale
$46.76K
CATY at $25.54/share
Dec 13, 2013
Sale
$95.60K
CATY at $25.91/share
Nov 21, 2013
Sale
$95.60K
CATY at $25.91/share
Nov 21, 2013
Sale
$415.83K
CATY at $25.70/share
Oct 28, 2013
Sale
216 shares
CATY
Oct 11, 2013
Received
374 shares
CATY
Sep 27, 2013
Received
Rivals
Compare Pin Tai with competitor CEOs and industry peers.
Richard M. Adams, Jr.
CEO of United Bankshares
2023 Compensation
Stock
$609.36K
Salary
$1.00M
Bonus
$1.09M
Other
$59.30K
Total Holdings
$378.14K
Vincent J. Delie, Jr.
CEO of F.N.B. Corporation
2023 Compensation
Stock
$11.00M
Salary
$1.19M
Bonus
$0.00
Other
$649.18K
Total Holdings
$24.28M
Kevin S. Kim
CEO of Hope Bancorp
2023 Compensation
Stock
$700.98K
Salary
$1.05M
Bonus
$1.05K
Other
$60.71K
Total Holdings
$1.27M
Joseph S. Exnicios
CEO of Hancock Whitney Corporation
2023 Compensation
Stock
$265.86K
Salary
$553.84K
Bonus
$383.43K
Other
$67.08K
Total Holdings
$1.50K
John W. Allison
CEO of Home BancShares
2022 Compensation
Stock
$3.66M
Salary
$650.60K
Bonus
$0.00
Other
$687.75K
Total Holdings
$819.29K