Community West Bancshares (CWBC) EVP has shares withheld for taxes on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Community West Bancshares executive Dawn M. Cagle reported a routine tax-related share withholding. On the vesting of 606 restricted shares from a Restricted Stock Award granted on May 30, 2024, the company withheld 212 shares to satisfy tax withholding obligations at a value of $24.01 per share.
After this non-market tax-withholding disposition, Cagle directly holds 13,278 shares of CWBC common stock. The filing reflects a compensation and payroll-tax event rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CAGLE DAWN M
Role
EXECUTIVE VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | CWBC - Common Stock | 212 | $24.01 | $5K |
Holdings After Transaction:
CWBC - Common Stock — 13,278 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 212 shares
Tax withholding price: $24.01 per share
Shares held after transaction: 13,278 shares
+1 more
4 metrics
Shares withheld for taxes
212 shares
Withheld to satisfy tax obligations on vesting
Tax withholding price
$24.01 per share
Value applied to the 212 withheld shares
Shares held after transaction
13,278 shares
Direct CWBC common stock holdings after withholding
Restricted shares vested
606 shares
Restricted Stock Award granted May 30, 2024 that vested
Key Terms
Restricted Stock Award, tax withholding obligations, tax-withholding disposition, Form 4
4 terms
Restricted Stock Award financial
"in connection with the vesting of 606 restricted shares from a Restricted Stock Award granted May 30, 2024"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
tax withholding obligations financial
"Represents shares withheld by Community West Bancshares to satisfy tax withholding obligations in connection with the vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
Was the CWBC Form 4 transaction for Dawn M. Cagle an open-market sale or purchase?
The transaction was not an open-market trade. It was a tax-withholding disposition, where 212 CWBC shares were withheld by the company to satisfy tax obligations when 606 restricted stock award shares vested, as described in the Form 4 footnote.
What restricted stock award activity triggered the CWBC Form 4 for Dawn M. Cagle?
The Form 4 was triggered by the vesting of 606 restricted shares from a Restricted Stock Award granted on May 30, 2024. To cover associated tax withholding obligations, Community West Bancshares withheld 212 of those shares instead of requiring a separate cash payment.