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Cathay General Bancorp Executive Compensation (FY25)

CATY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 19, 2026
316 figures on this page: 305 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chang Liu was paid $4,145,991 in total compensation as President and Chief Executive Officer of Bancorp and Cathay Bank for fiscal 2025, and Liu's total moved 12.4% higher from the $3,687,873 reported for fiscal 2024. Meanwhile, the disclosed chief executive pay ratio for fiscal 2025 is 68:1, against median employee compensation of $61,071. Separately, the say-on-pay proposal drew 97.2% of votes cast including abstentions in favor at the meeting held May 18, 2026 for fiscal 2025. The disclosed peer group names Associated Banc-Corp, Banc of California, Bank of Hawaii Corporation, Berkshire Hills Bancorp and Columbia Banking, among others.
Chief executive, fiscal 2025
◇
Chang Liu
Latest say-on-pay support
=
May 18, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Chang Liu: $3,687,873 → $4,145,991 (12.4% higher)
Say-on-pay support: 90.7% → 97.2% (6.5 points higher)
CEO pay ratio: 56:1 → 68:1 (21.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Cathay General Bancorp's chief executive and what were they paid?
Chang Liu was paid $4,145,991 in total compensation as President and Chief Executive Officer of Bancorp and Cathay Bank for fiscal 2025. Liu's total moved 12.4% higher from the $3,687,873 reported for fiscal 2024.
What was Cathay General Bancorp's say-on-pay result?
The say-on-pay proposal drew 97.2% of votes cast including abstentions in favor at the meeting held May 18, 2026 for fiscal 2025.
Which companies are in Cathay General Bancorp's peer group?
The disclosed peer group names Associated Banc-Corp, Banc of California, Bank of Hawaii Corporation, Berkshire Hills Bancorp and Columbia Banking, among others.
What is Cathay General Bancorp's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 68:1, against median employee compensation of $61,071.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chang M. Liu
President and Chief Executive Officer
◇—◇—◇—◇◇
Dunson K. Cheng
Executive Chairman of the Board
◇—◇—◇◇◇◇
Heng W. Chen
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Kim R. Bingham
Executive Vice President and Chief Human Resources Officer
◇—◇—◇—◇◇
Mark H. Lee
Executive Vice President and Chief Credit Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chang M. Liu
President and Chief Executive Officer
◇—◇—◇—◇◇
Dunson K. Cheng
Executive Chairman of the Board
◇—◇—◇◇◇◇
Heng W. Chen
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Mark H. Lee
Executive Vice President and Chief Credit Officer
◇—◇—◇—◇◇
Kim R. Bingham
Executive Vice President and Chief Human Resources Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chang Liu
President and Chief Executive Officer of Bancorp and Cathay Bank
◇—◇—◇—◇◇
Dunson Cheng
Executive Chairman of Bancorp and Cathay Bank
◇—◇—◇◇◇◇
Heng Chen
Executive Vice President and Chief Financial Officer of Bancorp and Cathay Bank
◇—◇—◇—◇◇
Kim Bingham
Executive Vice President and Chief Risk Officer of Cathay Bank
◇—◇—◇—◇◇
Albert Sun
Executive Vice President and Chief Credit Officer of Cathay Bank
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chang Liu
President and Chief Executive Officer of Bancorp and Cathay Bank
◇—◇—◇—◇◇
Dunson Cheng
Executive Chairman of Bancorp and Cathay Bank
◇—◇—◇—◇— not reconciled
Heng Chen
Executive Vice President and Chief Financial Officer of Bancorp and Cathay Bank
◇—◇—◇—◇◇
Albert Sun
Executive Vice President and Chief Credit Officer of Cathay Bank
◇—◇—◇—◇◇
Diana Deen
Executive Vice President and Chief Risk Officer of Cathay Bank
◇◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Albert SunPSU◇◇◇—◇—◇
Albert SunPSU◇◇◇—◇—◇
Albert SunPSU◇◇◇—◇—◇
Chang M. LiuPSU◇◇◇—◇—◇
Chang M. LiuPSU◇◇◇—◇—◇
Chang M. LiuPSU◇◇◇—◇—◇
Dunson K. ChengPSU◇◇◇—◇—◇
Dunson K. ChengPSU◇◇◇—◇—◇
Dunson K. ChengPSU◇◇◇—◇—◇
Heng W. ChenPSU◇◇◇—◇—◇
Heng W. ChenPSU◇◇◇—◇—◇
Heng W. ChenPSU◇◇◇—◇—◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Albert SunPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Chang LiuPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Heng ChenPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Dunson ChengPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Wu
◇◇———◇◇
Anthony M. Tang
◇◇———◇◇
Felix S. Fernandez
Lead independent director
◇◇————◇
Richard Sun
◇◇————◇
Nelson Chung
◇◇————◇
Jane Jelenko
◇◇————◇
Elizabeth Woo
◇◇————◇
Maan-Huei Hung
◇◇————◇
Ann Yee Kono
◇◇————◇
Shally Wang
◇◇————◇
Kelly L. Chan
◇◇————◇
Joseph C.H. Poon
◇◇————◇
Chang M. Liu and Dunson K. Cheng served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Lead independent director premium◇
Audit committee chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Associated Banc-Corp ASB
  • Banc of California BANC
  • Bank of Hawaii Corporation BOH
  • Berkshire Hills Bancorp BBT
  • Columbia Banking COLB
  • CVB Financial Corp. CVBF
  • East West Bancorp, Inc. EWBC
  • Eastern Bankshares, Inc. EBC
  • First Financial Bancorp FFBC
  • First Hawaiian, Inc. FHB
  • Hope Bancorp, Inc. HOPE
  • Independent Bank Corp. INDB
  • Pacific Premier Bancorp, Inc. PPBI
  • Pinnacle Financial Partners, Inc. PNFP
  • Prosperity Bancshares, Inc. PB
  • Valley National Bancorp VLY
  • Western Alliance Bancorporation WAL
  • WSFS Financial Corporation WSFS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 18, 2026=◇◇◇
2024May 12, 2025=◇◇◇
2023May 13, 2024=◇◇◇
2022May 15, 2023=◇◇◇
2021May 16, 2022=◇◇◇
2020May 17, 2021=◇◇◇
2019May 18, 2020=◇◇◇
2018May 13, 2019=◇◇◇
2017May 14, 2018=◇◇◇
2016May 15, 2017=◇◇◇
2015May 16, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Cathay General Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Cathay General Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
316 figures on this page: 305 cited to the filing that reported them, 11 calculated from figures it prints.
305 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001437749-26-017795
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001437749-26-012477
    Compensation of Directors · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table
  3. 0001437749-25-016490
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001437749-25-011577
    Summary Compensation Table
  5. 0001437749-24-016660
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001437749-24-011784
    Summary Compensation Table
  7. 0001437749-23-014830
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001437749-23-009676
    Summary Compensation Table
  9. 0001157523-22-000646
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001437749-21-012681
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001437749-20-011298
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001437749-19-010132
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001437749-18-010013
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001437749-17-009396
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001144204-16-103109
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Cathay General Bancorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CATY (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Cathay General Bancorp discloses

The companies named in CATY's own disclosed peer group.

Associated Banc-CorpBanc of CaliforniaBank of Hawaii CorporationBerkshire Hills BancorpColumbia BankingCVB Financial Corp.East West Bancorp, Inc.Eastern Bankshares, Inc.First Financial BancorpFirst Hawaiian, Inc.Hope Bancorp, Inc.Independent Bank Corp.Pinnacle Financial Partners, Inc.Prosperity Bancshares, Inc.Valley National BancorpWestern Alliance BancorporationWSFS Financial Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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