Chang M. Liu has been making his mark in the banking world since he joined Cathay Bank in 2014. Born in 1967, he worked his way up from Senior Vice President and Assistant Chief Lending Officer to Chief Operating Officer,...

Number of Employees

1.25K

Year

2023

Total Compensation

$6.85M

Salary

$920.00K

Board Justification

The compensation philosophy aims to attract, motivate, and retain capable executive management while aligning their interests with those of stockholders through performance-based incentives.

Bonus

$784.60K

Board Justification

The bonus structure for 2023 was based on financial targets (EPS and ROA) and individual/departmental goals, with a target bonus percentage set at 100% of base salary.

Other

$16.50K

Board Justification

Other compensation includes employer contributions to the 401(k) Profit Sharing Plan and other benefits.

Restricted Stock

$5.13M(145.04K RSU)

Board Justification

The stock awards that vested in 2023 were performance-based RSUs, with the number of shares based on the achievement of performance metrics.

Performance Metrics

The performance metrics for 2023 included earnings per share (EPS), return on assets (ROA), and individual performance goals.

SEC Filing

From April 11, 2024

Chang M. Liu

CEO of Cathay General Bancorp

C

Education

Not specified

Field of Expertise

Finance & Banking - Banking

Born

January 1, 1967 - 58 years ago

Is Founder?

No

Current Tenure

4 years 3 months (Oct 2020 - Present)

Previous Experience

Senior Vice President and Assistant Chief Lending Officer at Cathay Bank, Deputy Chief Lending Officer, Executive Vice President and Chief Lending Officer, Chief Operating Officer.