Community West Bancshares (CWBC) grants EVP 2,694 RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stronks Timothy Joseph
Role
EXECUTIVE VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,694 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 2,694 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 2,694 units
Per-RSU value: $24.13
RSUs outstanding after grant: 2,694 units
+1 more
4 metrics
RSUs granted
2,694 units
Restricted stock unit award to EVP Stronks
Per-RSU value
$24.13
Grant-date value per restricted stock unit
RSUs outstanding after grant
2,694 units
Total RSUs held directly by Stronks post-transaction
Vesting schedule
3 equal annual installments
RSUs vest each year on grant anniversary
Key Terms
Restricted Stock Unit, RSU, vests in three equal installments, cash dividends, +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.
RSU financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
vests in three equal installments financial
"and vests in three equal installments each year on the anniversary date of grant"
cash dividends financial
"Cash dividends on RSUs, if any, will be withheld by the Issuer"
forfeiture financial
"will be subject to forfeiture to the same extent as the RSUs"
FAQ
How many restricted stock units did CWBC grant to Executive Vice President Stronks?
Community West Bancshares granted Timothy Joseph Stronks 2,694 restricted stock units. Each RSU represents the right to receive one share of CWBC common stock upon vesting, giving him potential ownership if vesting conditions are satisfied over the scheduled period.
How do the CWBC restricted stock units granted to Stronks vest over time?
The 2,694 CWBC restricted stock units vest in three equal installments on each anniversary of the grant date. This means one-third of the award becomes earned each year over three years, encouraging longer-term retention and performance alignment for the executive.
How are cash dividends handled on the CWBC RSUs granted to Stronks?
Any cash dividends on these CWBC restricted stock units will be withheld by the company for Stronks’ account and are subject to forfeiture on the same terms as the RSUs. The withheld dividends will be paid to him only when the corresponding RSUs vest.
What is Stronks’ reported RSU holding after this CWBC Form 4 transaction?
After this transaction, Timothy Joseph Stronks is reported as directly holding 2,694 restricted stock units. These units convert into an equal number of Community West Bancshares common shares as they vest, providing potential future equity ownership tied to service and vesting conditions.