CVB Financial (NASDAQ: CVBF) EVP awarded shares with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CVB Financial Corp EVP & General Counsel Richard H. Wohl received 8,291 shares of common stock as a stock award tied to performance stock units granted on January 25, 2023.
To cover taxes on the vested shares, 4,145 shares were withheld at 19.005 per share, leaving him with 50,188.642 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
WOHL RICHARD H
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,291 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,145 | $19.005 | $79K |
Holdings After Transaction:
Common Stock — 54,333.642 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 did CVBF executive Richard H. Wohl report in this Form 4?
Richard H. Wohl reported vesting of a performance-based stock award and related tax withholding. He acquired 8,291 CVB Financial Corp common shares from performance stock units and had 4,145 shares withheld to satisfy tax obligations, resulting in updated direct ownership of 50,188.642 shares.
What type of equity award vested for CVBF executive Richard H. Wohl?
The award was a Performance Stock Unit (PRSU) grant made on January 25, 2023. Vesting occurred after performance conditions were met, resulting in delivery of 8,291 common shares and separate withholding of 4,145 shares to satisfy taxes on the vested amount.