CVB Financial CAO reports tax share withholding
CVB Financial Corp Chief Accounting Officer Sheryl Laygo reported a small share disposition related to taxes, not an open-market trade.
Rhea-AI Filing Summary
CVB Financial Corp Chief Accounting Officer Sheryl Laygo reported a small share disposition related to taxes, not an open-market trade. She had 248 shares of common stock withheld at $20.48 per share to cover taxes on restricted stock that vested on January 22, 2026. After this tax-withholding disposition, she continues to directly own 14,648 shares of CVB Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 248 shares
Exercise Price or Tax Liability
1 txn
Insider
Laygo Sheryl
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 248 | $20.48 | $5K |
Holdings After Transaction:
Common Stock — 14,648 shares (Direct)
Footnotes (1)
- F1. Withholding of shares of RSA vested on 1/22/2026 to pay for taxes due on vested amount.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CVBF Chief Accounting Officer Sheryl Laygo report?
Sheryl Laygo reported a tax-related share disposition, not an open-market trade. 248 shares of CVB Financial common stock were withheld at $20.48 per share to cover taxes on restricted stock that vested on January 22, 2026.
Was Sheryl Laygo’s CVBF transaction a sale in the open market?
No, it was not an open-market sale. The 248 shares of CVB Financial common stock were withheld to pay taxes on restricted stock that vested on January 22, 2026, a standard administrative treatment for equity compensation.
What does transaction code F mean in the CVBF Form 4 for Sheryl Laygo?
Transaction code F indicates shares used to pay the exercise price or tax liability. In this case, 248 shares of CVB Financial common stock were withheld to cover taxes on restricted stock that vested, rather than being sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.