Sundar PichaiSundar Pichai earned $164M in 2023

Pin Tai served as the CEO of Cathay General Bancorp and Cathay Bank from 2016 to 2020. He began his journey with Cathay Bank in 1999 as a general manager, progressing through various roles to lead the organization. His tenure...

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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.

Holdings

See how much did Pin Tai make over time.

Throughout his time at Cathay General Bancorp, Pin Tai demonstrated a keen sense for managing assets. When he became CEO in October 2016, he held a substantial number of RSUs, specifically linked to performance metrics of the company, like net...

Total Stock Sold

$1.82M

CATY

$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 $1.44M.
This is -20.86% and $378.91K less than what they got when they sold the stock.

Charitable Transactions

CATY

1,000 shares

CATY

Recent Charitable Transactions

CATY

1,000 shares

CATY

Nov 19, 2015

Charity

Insider Trading

See recent insider trades of Pin Tai.

CATY

1,000 shares

CATY

Nov 19, 2015

Charity

CATY

$850.00K

CATY at $34.00/share

Nov 18, 2015

Sale

CATY

$118.00K

CATY at $29.50/share

May 13, 2015

Sale

CATY

$191.23K

CATY at $26.00/share

Feb 27, 2015

Sale

CATY

$46.76K

CATY at $25.54/share

Dec 13, 2013

Sale

CATY

$95.60K

CATY at $25.91/share

Nov 21, 2013

Sale

CATY

$95.60K

CATY at $25.91/share

Nov 21, 2013

Sale

CATY

$415.83K

CATY at $25.70/share

Oct 28, 2013

Sale

CATY

216 shares

CATY

Oct 11, 2013

Received

CATY

374 shares

CATY

Sep 27, 2013

Received

Compensation History

See how much did Pin Tai make over time.

In 2020, Pin Tai's compensation totaled about $742,000, notably lower than the previous year. His salary stood at $617,400 with a bonus of $110,614, a decrease attributed to the changing financial landscape due to the pandemic. Prior to this, in 2019, his compensation was at an impressive $1.6 million, indicative of a bonus structure that rewarded high performance relative to the bank's net income. The previous years also saw significant compensation, with a total of around $1.7 million in 2018. His pay package was designed to motivate leaders to focus on the bank's profitability while offering stability through base salary and clouded potential bonuses. This structure not only incentivized him to prioritize performance but also showed a clear correlation to the bank’s overall success during his leadership.

Year

2020

Total Compensation

$2.34M

Salary

$617.40K

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 compensation.

Bonus

$110.61K

Board 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

$14.25K

Board Justification

This amount consists of employer contributions under the 401(k) Profit Sharing Plan.

Restricted Stock

$1.59M(40.82K RSU)

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.

Other Cathay General Bancorp CEOs

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