CVB Financial (NASDAQ: CVBF) EVP gets 9,547-share grant, 3,426 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CVB Financial Corp EVP & CCO David F. Farnsworth reported compensation-related stock activity. On March 16, 2026, he acquired 9,547 shares of common stock at $0.00 per share as a grant following the satisfaction of performance conditions for Performance Stock Units granted on January 25, 2023.
On the same date, 3,426 shares were disposed of at $19.005 per share to cover taxes due on the vested amount. After these transactions, he directly owned 83,882 shares of CVB Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Farnsworth David F
Role
EVP & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,547 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,426 | $19.005 | $65K |
Holdings After Transaction:
Common Stock — 87,308 shares (Direct)
Footnotes (1)
- Satisfaction of vesting conditions for Performance Stock Units ("PRSU") granted on 1/25/2023 based on performance conditions being met. Withholding of shares of PRSU vested on 1/25/2026 to pay for taxes due on vested amount.
FAQ
What insider transactions did CVB FINANCIAL CORP (CVBF) report for David F. Farnsworth?
CVB Financial’s EVP & CCO David F. Farnsworth received 9,547 common shares as a grant and had 3,426 shares withheld to pay taxes. Both transactions occurred on March 16, 2026, and were tied to previously granted Performance Stock Units.
What are the Performance Stock Units (PRSUs) referenced in the CVBF Form 4?
The filing notes PRSUs granted on January 25, 2023, that vested after performance conditions were met. Upon vesting on January 25, 2026, shares were delivered as common stock, and a portion was withheld to cover taxes due on the vested amount.
What does the tax withholding transaction mean in the CVBF insider filing?
The tax withholding transaction represents 3,426 shares delivered to satisfy tax liabilities on vested PRSUs. It is coded as an F transaction, indicating a payment of taxes by delivering securities, rather than a voluntary open-market sale by the executive.