Form 4: Community West Bancshares Executive Dawn Cagle Reports Stock Transaction
SEC Form 4 Filing
Dawn Cagle, Executive Vice President of Community West Bancshares, reports the disposal of 245 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 15, 2024, Dawn Cagle, an Executive Vice President at Community West Bancshares, disposed of 245 shares of CWBC common stock.
- The transaction was to cover tax withholding obligations related to the vesting of 622 restricted stock units granted on June 15, 2022.
- The shares were disposed of at a price of $17.3, representing the fair market value at vesting.
- Following the transaction, Cagle directly owns 11,098 shares of Community West Bancshares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/15/2022 | Date of grant for 622 restricted stock units to the reporting person. |
| 06/15/2024 | Date of transaction: disposal of 245 shares for tax withholding. |
| 06/18/2024 | Date of signature on the Form 4 filing. |
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