CVB Financial COO awarded 12,562 shares
CVB Financial Corp EVP and Chief Operating Officer David C. Harvey reported compensation-related stock activity.
Sentiment and the balance of points
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Rhea-AI Filing Summary
CVB Financial Corp EVP and Chief Operating Officer David C. Harvey reported compensation-related stock activity. He acquired 12,562 shares of common stock at $0 per share as a grant tied to performance stock units originally granted on January 25, 2023 after performance conditions were met. To cover taxes on the vested amount, 6,256 shares were withheld at a price of $19.005 per share, a non-market tax-withholding disposition rather than an open-market sale. Following these transactions, he directly holds 138,149 shares of CVB Financial common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,562 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,256 | $19.005 | $119K |
Footnotes (2)
- F1. Satisfaction of vesting conditions for Performance Stock Units ("PRSU") granted on 1/25/2023 based on performance conditions being met.
- F2. Withholding of shares of PRSU vested on 1/25/2026 to pay for taxes due on vested amount.
FAQ
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What did CVB Financial (CVBF) EVP COO David Harvey report on this Form 4?
What are the performance stock units mentioned in the CVB Financial (CVBF) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.