CVB Financial (NASDAQ: CVBF) CFO has shares withheld for RSA taxes
Rhea-AI Filing Summary
CVB Financial Corp.'s EVP and CFO, E. Allen Nicholson, reported routine share withholdings tied to restricted stock awards. On January 24, 2026, 2,255 shares of common stock were withheld at $19.84 per share to cover taxes when a restricted stock award vested. On January 25, 2026, a further 1,712 shares were withheld at the same price for taxes on another vesting. After these tax withholdings, Nicholson directly owns 121,452 shares of CVB Financial common stock.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did CVBF EVP & CFO report on this Form 4?
CVB Financial Corp. (CVBF) EVP & CFO E. Allen Nicholson reported share withholdings related to restricted stock awards. On January 24 and 25, 2026, the company withheld common shares to cover taxes due on vested restricted stock awards.
How many CVBF shares were withheld for taxes from the CFO's restricted stock awards?
A total of 3,967 shares of CVB Financial common stock were withheld to cover taxes: 2,255 shares on January 24, 2026 and 1,712 shares on January 25, 2026, each at $19.84 per share.
What do the Form 4 transaction code "F" entries mean for CVBF?
The transaction code "F" on the CVB Financial Form 4 indicates shares were withheld to pay taxes due upon the vesting of restricted stock awards, rather than an open-market buy or sell order initiated by the officer.
How many CVB Financial (CVBF) shares does the CFO own after these transactions?
Following the reported tax-withholding transactions, EVP & CFO E. Allen Nicholson directly owns 121,452 shares of CVB Financial Corp. common stock.
Were these CVBF insider transactions direct or indirect holdings?
The Form 4 shows the CFO’s ownership of CVB Financial common stock as direct (coded "D"), with no indication of indirect ownership through another entity in the reported transactions.
Do the CVBF Form 4 footnotes indicate why the shares were withheld?
Yes. The footnotes explain that the shares were withheld from vested restricted stock awards on January 24 and 25, 2026 to pay taxes due on the vested amounts.