CVB Financial (NASDAQ: CVBF) EVP Harvey withholds shares to cover RSA taxes
Rhea-AI Filing Summary
CVB Financial Corp executive David C. Harvey, EVP and Chief Operating Officer, reported two share-withholding transactions related to restricted stock awards. On 01/24/2026, the company withheld 2,260 shares of common stock at $19.84 per share to cover taxes due on a vested restricted stock award, leaving Harvey with 133,560 shares of common stock held directly. On 01/25/2026, an additional 1,717 shares of common stock were withheld at $19.84 per share for taxes on another vested restricted stock award, after which Harvey directly owned 131,843 shares of CVB Financial Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,717 | $19.84 | $34K |
| Tax Withholding | Common Stock | 2,260 | $19.84 | $45K |
Footnotes (1)
- Withholding of shares of RSA vested on 1/24/2026 to pay for taxes due on vested amount. Withholding of shares of RSA vested on 1/25/2026 to pay for taxes due on vested amount.
FAQ
What insider activity did CVB Financial (CVBF) report for David C. Harvey?
EVP and Chief Operating Officer David C. Harvey reported two share-withholding transactions where CVB Financial withheld common stock to cover taxes on vested restricted stock awards.
What does transaction code "F" mean in this CVB Financial (CVBF) Form 4?
The transaction code "F" indicates shares were withheld by the issuer to pay taxes due on the vesting of equity awards, in this case restricted stock awards (RSA).
Were these CVB Financial (CVBF) insider transactions open-market sales?
No. The footnotes state the transactions were withholding of shares of RSA vested on the respective dates to pay taxes, rather than discretionary open-market sales.
Is David C. Harvey’s ownership in CVB Financial (CVBF) direct or indirect?
The Form 4 lists Harvey’s holdings as direct (D) ownership of CVB Financial Corp common stock following the reported transactions.