Form 4: Community West Bancshares Director Gifts Shares to Daughter
SEC Form 4 Filing
Martin E. Plourd, a director and President of Community West Bancshares, gifted 1,500 shares of CWBC common stock to his daughter on May 17, 2024.
Summary
- On May 17, 2024, Martin E. Plourd, a Director and President of Community West Bancshares (CWBC), gifted 1,500 shares of CWBC common stock to his daughter, Audrie Plourd.
- Following the transaction, Mr. Plourd directly owns 88,667 shares of CWBC common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a gift of shares. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This is a routine disclosure of a transaction by a company insider. It doesn't necessarily reflect a broader trend in the banking industry.
Related Party Transactions
- Martin E. Plourd gifted 1,500 shares of CWBC common stock to his daughter, Audrie Plourd.
Stakeholder Impact
- The gift of shares has a minimal impact on shareholders as it represents a small portion of the outstanding shares and does not change the overall ownership structure significantly.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of the transaction: Martin Plourd gifted 1,500 shares of CWBC common stock to his daughter. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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