The estimated Net Worth of Peter Wu is at least $24.5 Million dollars as of 26 July 2024. Mr. Wu owns over 20,000 units of Cathay General Bancorp stock worth over $14,682,565 and over the last 21 years he sold CATY stock worth over $9,415,132. In addition, he makes $393,970 as Vice Chairman of the Board of the Company and the Bank at Cathay General Bancorp.
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Mr. Wu CATY stock SEC Form 4 insiders trading
Peter has made over 16 trades of the Cathay General Bancorp stock since 2013, according to the Form 4 filled with the SEC. Most recently he sold 20,000 units of CATY stock worth $903,800 on 26 July 2024.
The largest trade he's ever made was selling 50,000 units of Cathay General Bancorp stock on 30 January 2017 worth over $1,816,000. On average, Peter trades about 4,667 units every 45 days since 2003. As of 26 July 2024 he still owns at least 355,252 units of Cathay General Bancorp stock.
You can see the complete history of Mr. Wu stock trades at the bottom of the page.
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Peter Wu biography
Peter Wu Ph.D. serves as Vice Chairman of the Board of the Company and the Bank of the Company. He has been Vice Chairman of the Board of Bancorp and Cathay Bank since 2014, and a Director, Chairman of the Board, President, and Chief Executive Officer of Cathay Bank Foundation since 2005. He was Chief Operating Officer of Bancorp and Cathay Bank from 2003 to 2014, and Executive Vice Chairman of the Board of Bancorp and Cathay Bank from 2003 to 2014. He was the Chairman of the Board of GBC Venture Capital, Inc. from 1997 to 2014 and President and Chief Executive Officer of GBC Venture Capital, Inc. from 2003 to 2014. Prior to joining Bancorp, Mr. Wu was a co-founder, Chairman of the Board, President, and Chief Executive Officer of General Bank and its publicly-held bank holding company, GBC Bancorp, until they merged with Cathay Bank and Bancorp in 2003. Mr. Wu received a Ph.D. in Mathematics. He has been a Director of Bancorp and Cathay Bank since 2003. Mr. Wu provides commercial banking and managerial experience to Bancorp and Cathay Bank gained from his executive management positions with GBC Bancorp and General Bank, of which he was a co-founder, and then Bancorp and Cathay Bank. He also provides institutional knowledge of the history and operations of General Bank and GBC Bancorp.
What is the salary of Peter Wu?
As the Vice Chairman of the Board of the Company and the Bank of Cathay General Bancorp, the total compensation of Peter Wu at Cathay General Bancorp is $393,970. There are 9 executives at Cathay General Bancorp getting paid more, with Dunson Cheng having the highest compensation of $3,015,020.
How old is Peter Wu?
Peter Wu is 71, he's been the Vice Chairman of the Board of the Company and the Bank of Cathay General Bancorp since 2014. There are 5 older and 10 younger executives at Cathay General Bancorp. The oldest executive at Cathay General Bancorp is Michael Chang, 82, who is the Independent Director of the Company and the Bank.
Insiders trading at Cathay General Bancorp
Over the last 22 years, insiders at Cathay General Bancorp have traded over $73,158,002 worth of Cathay General Bancorp stock and bought 1,502,019 units worth $17,795,563 . The most active insiders traders include Anthony M Tang, Dunson K Cheng, and Peter Wu. On average, Cathay General Bancorp executives and independent directors trade stock every 20 days with the average trade being worth of $1,076,316. The most recent stock trade was executed by Dunson K Cheng on 26 August 2024, trading 12,401 units of CATY stock currently worth $555,441.
What does Cathay General Bancorp do?
in 1962, cathay bank opened for business with the mission of providing financial services to the growing but underserved chinese-american community in the greater los angeles area, thus becoming the first chinese-american bank in southern california. recognizing that the community it served was part of a more diverse one, cathay bank adopted the motto "an open door for all." its rapid expansion was fueled by successive waves of immigration, burgeoning trade between america and asia, and the economic development of the surrounding community. today, cathay bank is a subsidiary of cathay general bancorp (nasdaq: caty), a publicly held bank holding company. its service network extends from the west coast to new york and massachusetts on the eastern seaboard, north to the state of washington, and south to texas. overseas, it has a presence in the three important commercial centers in the asian-pacific rim—hong kong, taipei, and shanghai. cathay bank, with years of history and experience,
What does Cathay General Bancorp's logo look like?
Complete history of Mr. Wu stock trades at Cathay General Bancorp
Cathay General Bancorp executives and stock owners
Cathay General Bancorp executives and other stock owners filed with the SEC include:
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Dunson Cheng,
Executive Chairman of the Board of the Company and the Bank -
Irwin Wong,
Senior Executive Vice President, Chief Administrative Officer of the Bank -
Heng Chen,
Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President, Chief Financial Officer of the Bank -
Dunson K. Cheng,
Exec. Chairman -
Chang Ming Liu,
President, Chief Executive Officer, Director of the Company and President and a Director of the Bank -
Chang Ming Liu,
CEO, Pres & Director -
Felix Fernandez,
Independent Director of the Company and the Bank -
Kim Bingham,
Executive Vice President, Chief Risk Officer of the Bank -
Heng W. Chen,
Exec. VP, CFO & Treasurer -
Peter Wu,
Vice Chairman of the Board of the Company and the Bank -
Anthony Tang,
Vice Chairman of the Board of the Company and the Bank -
Michael Chang,
Independent Director of the Company and the Bank -
Kelly Chan,
Independent Director of the Company and the Bank -
Richard Sun,
Independent Director of the Company and the Bank -
Jane Jelenko,
Independent Director of the Company and the Bank -
Joseph Poon,
Independent Director of the Company and the Bank -
Nelson Chung,
Independent Director of the Company and the Bank -
Georgia Lo,
IR Contact Officer -
Mark Lee,
Executive Vice President, Chief Credit Officer of Cathay Bank -
Weston Barkwill,
Chief Internal Auditor -
May K. Chan,
Sr. VP, Gen. Counsel & Sec. -
Donald Sang Chow,
EVP, Chief Credit Officer -
Heng W Chen,
EVP/CFO -
Thomas C T Chiu,
Director -
Patrick Lee,
Director -
Ting Y Liu,
Director -
Pin Tai,
CEO -
Lisa L. Kim,
EVP, General Counsel -
Elena Chan,
SVP/CFO -
Cristiani Ralph Roy Buon,
Director -
Thomas G Tartaglia,
Director -
Perry Oei,
General Counsel -
George T M Ching,
Vice Chairman -
Wilbur K Woo,
Director -
Wing K Fat,
Director -
James Brewer,
EVP - Credit Administration -
Maan Huei Hung,
Director -
Shally Wang,
Director -
Albert Sun,
EVP, Chief Credit Officer -
Thomas M. Lo,
EVP, Chief Admin Officer