CVB Financial (CVBF) COO has 2,157 RSU shares withheld to cover taxes
Rhea-AI Filing Summary
CVB Financial Corp executive David C. Harvey, EVP and Chief Operating Officer, reported a share withholding related to equity compensation. On January 22, 2026, 2,157 shares of CVB Financial common stock were withheld at a price of $20.725 per share. According to the filing, these shares came from a restricted stock award that vested on that date and were withheld to pay income taxes due on the vested amount.
After this tax withholding, Harvey directly beneficially owns 135,820 shares of CVB Financial common stock. This type of transaction reflects a tax-settlement mechanism on vested stock rather than an open-market sale initiated for portfolio or valuation reasons.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,157 | $20.725 | $45K |
Footnotes (1)
- F1. Withholding of shares of RSA vested on 1/22/2026 to pay for taxes due on vested amount.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CVB Financial (CVBF) executive David C. Harvey report in this Form 4?
EVP and Chief Operating Officer David C. Harvey reported that 2,157 shares of CVB Financial common stock were withheld on January 22, 2026 to cover taxes on a vested restricted stock award.
Was the CVBF Form 4 transaction an open-market sale by the executive?
No. The filing explains that the 2,157 shares were withheld from a vested restricted stock award to pay taxes, rather than sold in an open-market transaction initiated by the executive.
What is the role of David C. Harvey at CVB Financial (CVBF)?
According to the filing, David C. Harvey serves as EVP Chief Operating Officer of CVB Financial Corp.