OP Bancorp
For the period ended May 28, 2026. Filed Apr 16, 2026.
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May 28, 2026 · Filed Apr 16, 2026
Contents
Equity Based Plan
2021 Equity Incentive Plan
On June 24, 2021, the shareholders of Open Bank approved the 2021 Equity Incentive Plan (the “2021 Plan”). The purpose of the 2021 Plan is intended to advance the interests of the Company and its shareholders by helping to attract, retain and reward key employees, officers, and non-employee directors of the Company.
The 2021 Plan authorized the issuance of up to 1,500,000 shares of the Company's common stock pursuant to equity awards, including stock options and restricted stock units (“RSUs”). Stock options, if granted, generally have an exercise price equal to the fair market value of the underlying common stock on the grant date. RSUs are valued at the fair market value of the Company’s common stock on the grant date. As of December 31, 2025, 131,025 RSUs were outstanding, with an average grant-date fair value of $12.51 per share, and no stock options were granted under the 2021 Plan. As of December 31, 2025, 1,062,190 shares remained available for future grants under the 2021 Plan.
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