Director at Community West (CWBC) receives 1,451 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SILVA DOROTHEA D reported acquisition or exercise transactions in this Form 4 filing.
Community West Bancshares director Dorothea D. Silva received a grant of restricted stock units as equity compensation. On the grant date, she was awarded 1,451 RSUs tied to Community West Bancshares common stock at a per-unit value of $24.13. Each RSU represents a contingent right to one share of common stock and will vest on the anniversary of the grant date. Cash dividends on these RSUs, if any, will be withheld, remain subject to forfeiture under the same terms as the RSUs, and be paid only when the RSUs vest. Following this grant, Silva holds 1,451 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SILVA DOROTHEA D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,451 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,451 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,451 units
Per-RSU grant-date value: $24.13
RSUs after transaction: 1,451 units
3 metrics
RSUs granted
1,451 units
Restricted stock units granted to Dorothea D. Silva
Per-RSU grant-date value
$24.13
Value per restricted stock unit on grant date
RSUs after transaction
1,451 units
Total restricted stock units held following the grant
Key Terms
Restricted Stock Unit, contingent right, vests on the anniversary of the date of grant, cash dividends on RSUs, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"represents a contingent right to receive one share of the Issuer common stock"
vests on the anniversary of the date of grant financial
"and vests on the anniversary of the date of grant"
cash dividends on RSUs financial
"Cash dividends on RSUs, if any, will be withheld by the Issuer"
subject to forfeiture financial
"will be subject to forfeiture to the same extent as the RSUs"
FAQ
How many restricted stock units did Dorothea D. Silva receive at CWBC?
Dorothea D. Silva was granted 1,451 restricted stock units. Each RSU represents a contingent right to one share of Community West Bancshares common stock, giving her 1,451 potential future shares if all units vest under the award’s terms.
When do Dorothea D. Silva’s CWBC RSUs vest?
The restricted stock units granted to Dorothea D. Silva vest on the anniversary of the grant date. This means she becomes entitled to receive one share of Community West Bancshares common stock for each vested RSU after that one-year period.
What is the grant-date value of the CWBC restricted stock units?
The per-unit value of the Community West Bancshares restricted stock units on the grant date was $24.13. This value is used for compensation and disclosure purposes and reflects the grant-date value assigned to each RSU awarded to Dorothea D. Silva.
How are cash dividends on Dorothea D. Silva’s CWBC RSUs treated?
Any cash dividends on the RSUs will be withheld by Community West Bancshares for Dorothea D. Silva’s account. Those dividends are subject to the same forfeiture conditions as the RSUs and will be paid to her only when the underlying RSUs vest.
How many CWBC restricted stock units does Dorothea D. Silva hold after this grant?
Following this transaction, Dorothea D. Silva holds 1,451 restricted stock units. These RSUs are held directly and each unit represents a contingent right to receive one share of Community West Bancshares common stock upon vesting in the future.