Community West Bancshares (CWBC) EVP receives 1,244 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAGLE DAWN M reported acquisition or exercise transactions in this Form 4 filing.
Community West Bancshares Executive Vice President receives RSU grant. Executive Vice President Dawn M. Cagle was granted 1,244 restricted stock units, each representing a right to receive one share of Community West Bancshares common stock. These RSUs vest in three equal annual installments on the grant anniversary date.
The award had a per-unit value of $24.13 on the grant date, and Cagle now holds 1,244 RSUs following this transaction. Any cash dividends on these RSUs will be withheld, are subject to forfeiture on the same terms as the units, and will be paid only upon vesting.
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 |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,244 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,244 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,244 units
Per RSU value: $24.13
RSUs after transaction: 1,244 units
+2 more
5 metrics
RSUs granted
1,244 units
Restricted stock units granted to Executive Vice President Dawn M. Cagle
Per RSU value
$24.13
Value per restricted stock unit on the grant date
RSUs after transaction
1,244 units
Total restricted stock units held following the grant
Vesting schedule
3 equal annual installments
RSUs vest each year on the grant anniversary date
Underlying shares
1,244 shares
Each RSU represents a contingent right to one share of common stock
Key Terms
Restricted Stock Unit, contingent right, vests in three equal installments, forfeiture, +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.
contingent right financial
"represents a contingent right to receive one share of the Issuer common stock"
vests in three equal installments financial
"RSU represents a contingent right to receive one share ... and vests in three equal installments"
forfeiture financial
"Cash dividends on RSUs, if any, will be withheld ... and will be subject to forfeiture"
per RSU value financial
"The per RSU value on the date of grant was $24.13"
FAQ
How many restricted stock units did CWBC grant to Executive Vice President Dawn M. Cagle?
CWBC granted 1,244 restricted stock units to Executive Vice President Dawn M. Cagle. These units vest in three equal installments each year on the grant anniversary, providing equity-based compensation that links part of her pay to the company’s stock performance over time.
What is the vesting schedule for Dawn M. Cagle’s CWBC restricted stock units?
The 1,244 restricted stock units awarded to Dawn M. Cagle vest in three equal installments on each anniversary of the grant date. This means one-third of the units vest each year, encouraging longer-term alignment with Community West Bancshares’ shareholders and company performance.
What was the grant-date value of the CWBC restricted stock units awarded to Dawn M. Cagle?
Each restricted stock unit granted to Dawn M. Cagle had a per-unit value of $24.13 on the grant date. This figure reflects the value used for the award, tying her equity compensation directly to Community West Bancshares’ stock valuation when granted.
How are cash dividends on Dawn M. Cagle’s CWBC restricted stock units treated?
Any cash dividends on Dawn M. Cagle’s restricted stock units will be withheld by Community West Bancshares for her account. These dividends are subject to the same forfeiture conditions as the RSUs and will be paid only when the underlying units vest.
How many CWBC restricted stock units does Dawn M. Cagle hold after this transaction?
After this grant, Dawn M. Cagle holds 1,244 restricted stock units directly. Each unit is a contingent right to receive one share of Community West Bancshares common stock, subject to the stated vesting terms and potential forfeiture conditions described in the award documentation.