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
- None.
Negative
- None.
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.
How many CVB Financial (CVBF) shares does David C. Harvey own after this transaction?
After the tax withholding transaction, David C. Harvey directly beneficially owns 135,820 shares of CVB Financial common stock.
What was the reported price per share for the CVBF tax withholding transaction?
The shares withheld from the vested restricted stock award were reported at a price of $20.725 per share.
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.
Why were CVBF shares withheld from David C. Harvey’s restricted stock award?
The footnote states the shares were withheld from a restricted stock award that vested on January 22, 2026 in order to pay taxes due on the vested amount.