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COO at CVB Financial (NASDAQ: CVBF) gets 12,562-share award

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

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Negative

  • None.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Harvey David C

(Last)(First)(Middle)
701 N. HAVEN AVE.

(Street)
ONTARIO CALIFORNIA 91764

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CVB FINANCIAL CORP [ CVBF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/16/2026A12,562(1)A$0144,405D
Common Stock03/16/2026F6,256(2)D$19.005138,149D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Satisfaction of vesting conditions for Performance Stock Units ("PRSU") granted on 1/25/2023 based on performance conditions being met.
2. Withholding of shares of PRSU vested on 1/25/2026 to pay for taxes due on vested amount.
/s/ David C Harvey03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did CVB Financial (CVBF) EVP COO David Harvey report on this Form 4?

David C. Harvey reported a performance-based stock grant and related tax withholding. He received 12,562 CVB Financial common shares as a performance award, with 6,256 shares withheld to pay taxes on the vested amount rather than sold in the open market.

How many CVB Financial (CVBF) shares did David Harvey acquire in this transaction?

He acquired 12,562 shares of CVB Financial common stock as a grant at zero cost. The shares were issued upon satisfaction of vesting conditions for performance stock units originally granted on January 25, 2023, after specified performance goals were achieved.

Why were 6,256 CVB Financial (CVBF) shares disposed of in David Harvey’s Form 4?

The 6,256 shares were withheld to pay taxes on vested performance stock units, not sold for investment reasons. These shares were valued at $19.005 per share and represent a tax-withholding disposition typically associated with equity compensation vesting events.

How many CVB Financial (CVBF) shares does David Harvey own after these transactions?

After the reported grant and tax withholding, David C. Harvey directly owns 138,149 shares of CVB Financial common stock. This total reflects the net result of the 12,562-share award and the 6,256 shares withheld to cover associated tax obligations.

What are the performance stock units mentioned in the CVB Financial (CVBF) Form 4?

The filing references performance stock units granted on January 25, 2023, which vested once performance conditions were met. Upon vesting, they converted into 12,562 common shares, with part of the award withheld in shares to satisfy tax liabilities on the vested amount.
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