CVB Financial (CVBF) EVP DeAngelis has 11,109 shares withheld for tax on vested awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CVB Financial Corp’s EVP and Chief Risk Officer, Yamynn DeAngelis, reported a tax-related share withholding under a compensation plan. On the vesting of previously reported restricted stock awards, whose vesting was accelerated upon her retirement, 11,109 shares of common stock were withheld at $20.10 per share to cover taxes. After this non-market transaction, she directly holds 122,848 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeAngelis Yamynn
Role
EVP Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 11,109 | $20.10 | $223K |
Holdings After Transaction:
Common Stock — 122,848 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 11,109 shares
Recorded price per share: $20.10 per share
Shares held after transaction: 122,848 shares
+2 more
5 metrics
Shares withheld for taxes
11,109 shares
Withholding on vesting of restricted stock awards accelerated upon retirement
Recorded price per share
$20.10 per share
Value used for the 11,109 withheld common shares
Shares held after transaction
122,848 shares
Direct common stock ownership following tax-withholding disposition
Transaction code
F
Payment of tax liability by delivering or withholding securities
Transaction direction
dispose
Classified as a tax-withholding disposition, not an open-market sale
Key Terms
restricted stock awards, withholding, tax liability, vesting, +1 more
5 terms
restricted stock awards financial
"upon the vesting of previously reported restricted stock awards whose vesting was accelerated"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
withholding financial
"This transaction reports the withholding of 11,109 shares of stock to cover taxes"
tax liability financial
"Payment of exercise price or tax liability by delivering securities"
vesting financial
"to cover taxes due upon the vesting of previously reported restricted stock awards"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
retirement financial
"whose vesting was accelerated upon the Reporting Person's retirement"
FAQ
What insider transaction did CVB Financial Corp (CVBF) report for Yamynn DeAngelis?
CVB Financial reported that EVP and Chief Risk Officer Yamynn DeAngelis had 11,109 common shares withheld to cover taxes. The withholding occurred when previously reported restricted stock awards vested following an acceleration tied to her retirement.
What triggered the restricted stock vesting for CVBF executive Yamynn DeAngelis?
The restricted stock awards vested because their vesting was accelerated upon Yamynn DeAngelis’s retirement. This acceleration caused a tax obligation, leading to the withholding of 11,109 shares to pay taxes due on the vested awards.