CWBC CEO has 764 shares withheld for taxes
Community West Bancshares CEO reports tax withholding share transaction.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | CWBC - Common Stock | 764 | $23.19 | $18K |
Footnotes (2)
- F1. Represents shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting of 1,855 restricted shares from a Restricted Stock Award granted January 17, 2024.
- F2. Price represents the fair value market price at vesting.
FAQ
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 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.