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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,712 | $19.84 | $34K |
| Exercise Price or Tax Liability | Common Stock | 2,255 | $19.84 | $45K |
Footnotes (2)
- F1. Withholding of shares of RSA vested on 1/24/2026 to pay for taxes due on vested amount.
- F2. Withholding of shares of RSA vested on 1/25/2026 to pay for taxes due on vested amount.
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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.
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.
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.