CVB Financial (CVBF) EVP Farnsworth has RSA shares withheld for taxes
Rhea-AI Filing Summary
CVB Financial Corp. reported routine insider share activity by EVP & Chief Credit Officer David F. Farnsworth related to restricted stock awards. On January 24, 2026, the company withheld 1,447 shares of common stock at $19.84 per share to cover taxes due on a vesting restricted stock award. On January 25, 2026, an additional 963 shares were withheld at the same price for tax purposes on another vesting award. After these tax withholdings, Farnsworth directly beneficially owned 77,761 shares of CVB Financial common stock. These transactions are coded “F,” indicating shares were withheld by the issuer to satisfy tax obligations rather than open‑market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 963 | $19.84 | $19K |
| Tax Withholding | Common Stock | 1,447 | $19.84 | $29K |
Footnotes (1)
- Withholding of shares of RSA vested on 1/25/2026 to pay for taxes due on vested amount. Withholding of shares of RSA vested on 1/24/2026 to pay for taxes due on vested amount.
FAQ
What insider transactions did CVB Financial (CVBF) report for David F. Farnsworth?
CVB Financial reported two insider transactions for EVP & CCO David F. Farnsworth, both coded “F” for tax withholding on restricted stock awards. On January 24, 2026, the company withheld 1,447 common shares, and on January 25, 2026, it withheld an additional 963 common shares, each at $19.84 per share.
What do the footnotes in the CVB Financial (CVBF) Form 4 explain?
The footnotes state that the 1,447 shares on January 24, 2026 and the 963 shares on January 25, 2026 were withheld from vesting restricted stock awards (RSA) to pay taxes due on the vested amounts.
What is David F. Farnsworth’s role at CVB Financial (CVBF)?
David F. Farnsworth is reported as an officer of CVB Financial with the title EVP & Chief Credit Officer (CCO).