David P. Malone is the Interim Chief Financial Officer of Hope Bancorp, Inc., a role he stepped into in January 2023, after a notable career at the company. Before this position, he served as President and Chief Operating Officer of...

Current Market Cap

$1.64B

Number of Employees

1.23K

Total Compensation

2019 - 2021

Trending down by -28.30% last year
Showing total compensation for the last 2019 - 2021

Stock

Down by -100.00% last year

Salary

Up by 3.00% last year

Bonus

Up by 62.86% last year

Other

Down by -2.89% last year

Year

2021

Total Compensation

$774.68K

Salary

$556.76K

Board Justification

The compensation program is designed to align the interests of NEOs with those of stockholders, providing competitive salaries, annual cash and equity incentives tied to performance, and long-term equity incentives to encourage ownership and align with stockholder interests.

Bonus

$201.05K

Board Justification

For Mr. David P. Malone, who retired as President and Chief Operating Officer of the Bank effective December 31, 2021, the Company paid his 2021 STIP award in 100% cash on March 11, 2022.

Other

$16.88K

Board Justification

Includes auto allowance and perquisites.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2021 as the equity portion of the 2021 STIP will be shown in the equity column of next year’s Summary Compensation Table.

Performance Metrics

The performance metrics for the 2021 STIP included earnings per share, return on average tangible common equity, net interest margin, efficiency ratio, total loan growth, and total deposit growth.

SEC Filing

From April 21, 2022