Vice Chairman Sells $1.15M in Shares Amidst Company Buyback Program
CATY sits 37% above its 52-week low of $41.64.
Summary
Cathay General Bancorp's Vice Chairman, Peter Wu, sold 20,000 shares for over $1.1 million, following a recent Form 144 filing and occurring while the company has an active share repurchase program.
Key Events · Ownership and Investor Activity · CATY
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Insider Sale by Vice Chairman
Peter Wu, Vice Chairman and Director of Cathay General Bancorp, sold 20,000 shares of common stock.
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Significant Transaction Value
The open market sale amounted to $1,146,506 at an average price of $57.33 per share on May 5, 2026.
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Follows Intent to Sell
This transaction executes a portion of the 40,000 shares Peter Wu indicated intent to sell in a Form 144 filed on May 5, 2026.
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Conflicting Signal with Buyback
The insider sale occurs while Cathay General Bancorp has an active $150 million share repurchase program, creating a divergence between company and insider actions.
Analysis · CATY · Finance
This Form 4 reports the actual sale of 20,000 shares by Vice Chairman Peter Wu, valued at $1.15 million, on the same day he filed a Form 144 indicating intent to sell 40,000 shares. The sale, occurring while the stock trades near its 52-week high, suggests profit-taking by a key insider. This transaction also presents a conflicting signal as the company recently authorized a $150 million share repurchase program, indicating management's belief in undervaluation while a top executive reduces his stake. Investors should monitor future insider activity and the company's buyback execution.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CATY was trading at $56.99 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $41.64 to $58.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.