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Last updated: 16 April 2024 at 5:58pm EST

Nelson Chung Net Worth




The estimated Net Worth of Nelson Chung is at least $304 Thousand dollars as of 10 January 2018. Mr. Chung owns over 3,500 units of Cathay General Bancorp stock worth over $144,655 and over the last 19 years he sold CATY stock worth over $0. In addition, he makes $158,970 as Independent Director of the Company and the Bank at Cathay General Bancorp.

Mr. Chung CATY stock SEC Form 4 insiders trading

Nelson has made over 3 trades of the Cathay General Bancorp stock since 2011, according to the Form 4 filled with the SEC. Most recently he exercised 3,500 units of CATY stock worth $81,795 on 10 January 2018.

The largest trade he's ever made was buying 10,000 units of Cathay General Bancorp stock on 9 June 2011 worth over $149,900. On average, Nelson trades about 850 units every 120 days since 2006. As of 10 January 2018 he still owns at least 3,500 units of Cathay General Bancorp stock.

You can see the complete history of Mr. Chung stock trades at the bottom of the page.





Nelson Chung biography

Nelson Chung serves as Independent Director of the Company and the Bank of the Company. Mr. Chung is President of Pacific Communities Builder, Inc., which has built more than 4,000 home sites and developed more than 150 communities in Southern California. He received a Master of Urban Design degree and is a licensed architect, general contractor, and real estate broker in California. Mr. Chung has been a Director of Bancorp and Cathay Bank since 2005 and has been a Lead Independent Director of Bancorp since May 2017. Mr. Chung contributes managerial experience and his extensive knowledge of residential real estate development in Southern California, with which he has been involved for over 30 years. His academic background in urban design and his experience as an architect, general contractor, and real estate broker provide the Board with a unique perspective of the real estate market.

What is the salary of Nelson Chung?

As the Independent Director of the Company and the Bank of Cathay General Bancorp, the total compensation of Nelson Chung at Cathay General Bancorp is $158,970. There are 16 executives at Cathay General Bancorp getting paid more, with Dunson Cheng having the highest compensation of $3,015,020.



How old is Nelson Chung?

Nelson Chung is 67, he's been the Independent Director of the Company and the Bank of Cathay General Bancorp since 2005. There are 10 older and 5 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 21 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?

Cathay General Bancorp logo

Complete history of Mr. Chung stock trades at Cathay General Bancorp

Date
#
Company
 Insider
Trans.
Transaction
 Shares Price per share Total value Shares after Source
10 Jan 2018 CATY Cathay General Bancorp Nelson Chung
Director
 Option 3,500 $23.37 $81,795
10 Jan 2018
3,500 ↗
9 Jun 2011 CATY Cathay General Bancorp Nelson Chung
Director
 Buy 10,000 $14.99 $149,900
9 Jun 2011
10,000 ↗


Cathay General Bancorp executives and stock owners

Cathay General Bancorp executives and other stock owners filed with the SEC include: