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Chang M. Liu received $4.1M in total compensation as President and Chief Executive Officer of Bancorp and Cathay Bank of CATHAY GENERAL BANCORP in FY2025. The largest component was $2.0M in stock awards. Source: SEC DEF 14A.
In fiscal year 2025, Chang M. Liu, President and Chief Executive Officer of Bancorp and Cathay Bank of CATHAY GENERAL BANCORP (CATY), received total compensation of $4.1 million.
Chang M. Liu's compensation breakdown includes: base salary of $988K, stock awards valued at $2.0 million, non-equity incentive compensation of $1.1 million, and other compensation of $29K.
CATHAY GENERAL BANCORP's top 5 named executive officers received combined total compensation of $10.0 million in fiscal year 2025.
The named executive officers disclosed in CATHAY GENERAL BANCORP's 2025 proxy statement are:Chang M. Liu (President and Chief Executive Officer of Bancorp and Cathay Bank) with total compensation of $4.1 million, Dunson K. Cheng (Executive Chairman of Bancorp and Cathay Bank) with total compensation of $2.3 million, Heng W. Chen (Former Executive Vice President and Chief Financial Officer of Bancorp and Cathay Bank) with total compensation of $1.7 million, Albert Sun (Executive Vice President and Chief Credit Officer of Cathay Bank) with total compensation of $1.1 million, and Diana G. Deen () with total compensation of $758K.
Source Filing
Executive Record
Chang M. Liu
President and Chief Executive Officer of Bancorp and Cathay Bank
Reported Pay
$4.1MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $4.1M against shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +12%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for CATY.
Team view
5 executives
President and Chief Executive Officer of Bancorp and Cathay Bank
Total PayFY2025
$4.1M
Executive Chairman of Bancorp and Cathay Bank
Total PayFY2025
$2.3M
Former Executive Vice President and Chief Financial Officer of Bancorp and Cathay Bank
Total PayFY2025
$1.7M
Executive Vice President and Chief Credit Officer of Cathay Bank
Total PayFY2025
$1.1M
Total PayFY2025
$758K
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01FY2025 total compensation breakdown
$4.1M total compensation
Chang M. Liu earned $4.1M in FY2025— here's how that breaks down.
$2.0M
48% of total
$1.1M
27% of total
$987.8K
24% of total
$29.1K
1% of total
Activity timeline · FY2025
Recent events from filings
Apr 16, 2026
Chang M. Liu Equity award
Apr 16, 2026
Heng W. Chen Equity award
Apr 16, 2026
Dunson K. Cheng Equity award
Apr 16, 2026
Albert Sun Equity award
Apr 16, 2026
Diana G. Deen Equity award
Apr 16, 2026
Chang M. Liu grant (Equity)
Jun 27, 2025
Chang M. Liu Equity award (10,633 target units, 5,317 threshold, 15,950 maximum, Grant FV $499,964)
Jun 27, 2025
Chang M. Liu Equity award (10,948 target units, 5,474 threshold, 16,422 maximum, Grant FV $499,995)
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the mid-cap median compensation benchmark for companies around $4.2B market cap, based on 469 peers in this size band.
03Recent insider trades by officers and directors
~56 trades
04Showing FY2025 data (latest available)
FY2026does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $0.99M | $1.13M | $2.00M | $0.00M | $0.03M | $4.15M | |
| 2024 | $0.94M | $0.83M | $1.90M | $0.00M | $0.02M | $3.69M | |
| 2023 | $0.90M | $0.78M | $1.84M | $0.00M | $0.02M | $3.54M | |
| 2022 | $0.81M | $1.11M | $1.69M | $0.00M | $0.02M | $3.62M | |
| 2021 | $0.71M | $0.84M | $1.43M | $0.00M | $0.01M | $3.00M | |
| 2019 | $0.38M | $0.31M | $0.38M | $0.00M | $0.01M | $1.08M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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CATHAY GENERAL BANCORP (CATY) — Key Facts
Last updated Jul 3, 2026 · DEF 14A filed Apr 16, 2026
| CEO | Chang M. Liu, President and Chief Executive Officer of Bancorp and Cathay Bank |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $4.1M |
| Base salary | $988K |
| Stock awards | $2.0M |
| Other compensation | $29K |
| Source | DEF 14A, 2026-04-16 |
Chang M. Liu, the President and Chief Executive Officer of Bancorp and Cathay Bank of CATHAY GENERAL BANCORP, received total compensation of $4.1 million in fiscal year 2025. This includes base salary of $987,750 and stock awards valued at $2.0 million.
Chang M. Liu's base salary at CATHAY GENERAL BANCORP is $987,750 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $4.1 million.
CATHAY GENERAL BANCORP's CEO, Chang M. Liu, earned $4.1 million in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($2.0 million) rather than base salary ($987,750).