Community West EVP granted 2,694 RSUs
Stronks Timothy Joseph reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Stronks Timothy Joseph reported acquisition or exercise transactions in this Form 4 filing.
Community West Bancshares executive receives new stock-based award. Executive Vice President Timothy Joseph Stronks was granted 2,694 restricted stock units (RSUs), each representing one share of Community West Bancshares common stock.
The RSUs vest in three equal installments on each anniversary of the grant date, aligning compensation with longer-term company performance. Cash dividends on these RSUs, if any, will be withheld for his account, are subject to the same forfeiture terms as the RSUs, and will be paid upon vesting. Following this grant, Stronks holds 2,694 RSUs directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,694 | $0.00 | $0.00 |
Footnotes (1)
- F1. Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer common stock and vests in three equal installments each year on the anniversary date of grant. Cash dividends on RSUs, if any, will be withheld by the Issuer for the account of the Reporting Person, will be subject to forfeiture to the same extent as the RSUs, and will be paid to the Reporting Person upon vesting of the RSUs. The per RSU value on the date of grant was $24.13.
Key Figures
Key Terms
Restricted Stock Unit financial
RSU financial
vests in three equal installments financial
cash dividends financial
forfeiture financial
FAQ
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How many restricted stock units did CWBC grant to Executive Vice President Stronks?
How do the CWBC restricted stock units granted to Stronks vest over time?
How are cash dividends handled on the CWBC RSUs granted to Stronks?
What is Stronks’ reported RSU holding after this CWBC Form 4 transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.