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...

Current Market Cap

$3.68B

Number of Employees

1.25K

Total Compensation

2016 - 2020

Trending up by 20.40% last year
Showing total compensation for the last 2016 - 2020

Stock

Up by 409.74% last year

Salary

Down by -24.62% last year

Bonus

Down by -86.09% last year

Other

Up by 1.79% last year

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.

SEC Filing

From April 15, 2021

Pin Tai

Ex-CEO of Cathay General Bancorp

PT

Education

Not specified

Field of Expertise

Finance & Banking - Banking

Born

January 1, 1967 - 57 years ago

Is Founder?

No

Tenure

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.