Community West Bancshares (CWBC) CEO settles taxes with 764 withheld shares
Rhea-AI Filing Summary
Community West Bancshares CEO reports tax withholding share transaction. CEO and director James J. Kim reported that on January 20, 2026, 764 shares of Community West Bancshares common stock were withheld by the company to satisfy tax withholding obligations tied to the vesting of 1,855 restricted shares from a Restricted Stock Award granted on January 17, 2024. The withholding price was $23.19 per share, representing the fair market value at vesting. After this transaction, Kim beneficially owned 59,414 shares of the company’s common stock held directly. This event reflects routine tax settlement related to equity compensation rather than an open-market sale.
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FAQ
What insider transaction did Community West Bancshares (CWBC) report for James J. Kim?
Community West Bancshares reported that CEO and director James J. Kim had 764 shares of CWBC common stock withheld on January 20, 2026 to cover tax obligations arising from the vesting of a restricted stock award.
Was the CWBC CEO’s Form 4 transaction an open-market sale?
No. The 764 shares reported on the Form 4 were withheld by Community West Bancshares to satisfy tax withholding obligations upon the vesting of 1,855 restricted shares, rather than being sold in the open market.
What price per share was used for the CWBC tax withholding transaction?
The transaction used a price of $23.19 per share, which is stated as the fair value market price at vesting for the restricted stock award.
How many Community West Bancshares (CWBC) shares does James J. Kim own after this transaction?
Following the tax withholding of 764 shares, James J. Kim beneficially owned 59,414 shares of CWBC common stock, held directly.
What equity award led to the CWBC CEO share withholding reported on Form 4?
The withholding relates to the vesting of 1,855 restricted shares from a Restricted Stock Award granted on January 17, 2024 by Community West Bancshares.
What is transaction code "F" on the CWBC Form 4 filing?
Transaction code "F" on the Form 4 indicates shares were withheld by the issuer to pay tax obligations in connection with the vesting of an equity award, rather than a discretionary purchase or sale.