CVB Financial (NASDAQ: CVBF) CEO has shares withheld to cover RSA tax obligations
Rhea-AI Filing Summary
CVB Financial Corp.'s President and CEO David A. Brager reported two transactions involving company common stock related to tax withholding on vested restricted stock awards. On January 24, 2026, 5,433 shares of common stock were withheld at $19.84 per share to cover taxes on an RSA vesting, leaving him with 234,552 directly held shares. On January 25, 2026, an additional 4,136 shares were withheld at $19.84 per share for taxes on another RSA vesting, after which he directly owned 230,416 shares of CVB Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,136 | $19.84 | $82K |
| Tax Withholding | Common Stock | 5,433 | $19.84 | $108K |
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 01/25/2026 to pay for taxes due on vested amount.
FAQ
What insider activity did CVBF report for President & CEO David A. Brager?
CVB Financial Corp. reported that President & CEO David A. Brager had shares of common stock withheld in two transactions to pay taxes due on vested restricted stock awards on January 24, 2026 and January 25, 2026.
What does transaction code F mean in the CVBF Form 4 filing?
Transaction code F in the Form 4 indicates payment of tax liability by withholding securities incident to the vesting of a stock award, rather than a voluntary purchase or sale in the market.
Are the CVBF CEO’s reported holdings direct or indirect?
The Form 4 shows the CEO’s post-transaction holdings of 230,416 CVB Financial shares as direct (D) ownership, with no indirect ownership nature specified in this filing.