Director Felix Fernandez executed a sale of Cathay General Bancorp common stock on January 29, 2026, according to a recent SEC Form 4 filing. The transaction comprised 8,972 shares sold at a weighted-average price of $50.54, yielding total proceeds of $453,444. Reported trade prices for the lot ranged from $50.41 to $50.61.
Following the disposition, Fernandez no longer holds any shares directly. He retains indirect ownership of 14,960 shares through the Felix & Katherine Fernandez Trust, as reported in the filing.
Separately, Cathay General Bancorp released its fourth-quarter results for fiscal 2025 that exceeded consensus estimates. The company reported earnings per share of $1.33, ahead of the $1.23 forecast, representing an 8.13% surprise versus expectations. Revenue for the quarter was $222.8 million, above the anticipated $211.83 million.
In tandem with the financial results, the company announced a change in its finance leadership. Heng W. Chen, the current Chief Financial Officer, will retire effective March 1, 2026, concluding a 23-year tenure. Albert J. Wang, presently serving as Deputy Chief Financial Officer, is designated to succeed Chen as CFO and Treasurer. The outgoing CFO will continue in a consultative capacity as a Special Advisor to the Office of the President through the end of 2026.
These filings and corporate disclosures together document an insider stock sale, better-than-expected quarterly financial performance, and a planned transition at the top of the company’s finance function. The SEC Form 4 provides the transactional specifics for Fernandez’s sale, while the company’s earnings announcement and leadership notice supply the financial and organizational context for investors and observers.
The public filings make clear the scope of Fernandez’s direct and indirect holdings after the sale and outline the timing and succession plan tied to the CFO retirement. No additional commentary or analysis is included in the filings beyond the facts of the transactions and corporate announcements.