CVB Financial (NASDAQ: CVBF) CFO gets stock grant with shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CVB Financial Corp EVP & CFO Nicholson E. Allen received 12,562 shares of Common Stock on March 16, 2026 as a Performance Stock Unit award that vested after performance conditions were met. To cover taxes on the vested amount, 6,238 shares were withheld at a price of $19.005 per share, leaving him with 127,776 directly held shares after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nicholson E Allen
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,562 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,238 | $19.005 | $119K |
Holdings After Transaction:
Common Stock — 134,014 shares (Direct)
Footnotes (1)
- Satisfaction of vesting conditions for Performance Stock Units ("PRSU") granted on 1/25/2023 based on performance conditions being met. Withholding of shares of PRSU vested on 1/25/2026 to pay for taxes due on vested amount.
FAQ
What insider transactions did CVBF CFO Nicholson Allen report on March 16, 2026?
Nicholson E. Allen reported a stock award and related tax withholding. He received 12,562 shares of CVB Financial Common Stock from vested Performance Stock Units, and 6,238 of those shares were withheld at $19.005 per share to satisfy tax obligations.
Was the CVBF CFO’s March 2026 transaction an open-market purchase or sale?
No, the CVBF CFO’s Form 4 shows no open-market trades. The filing reports a grant/award of 12,562 shares from vested Performance Stock Units and a 6,238-share disposition solely to cover taxes, not a discretionary market purchase or sale.