Form 4: Community West Bancshares Executive Vice President Reports Stock Transaction

Anthony Kenneth Ramos, Executive Vice President of Community West Bancshares, reports disposition of shares to cover tax obligations related to vesting of restricted stock units.

Summary

• On June 15, 2024, Anthony Kenneth Ramos, Executive Vice President of Community West Bancshares, reported a transaction involving the disposition of 208 shares of CWBC common stock.
• The shares were withheld by Community West Bancshares to satisfy tax withholding obligations related to the vesting of 622 restricted stock units granted on June 15, 2022.
• The price per share was $17.3, representing the fair market value at vesting.
• Following the transaction, Ramos beneficially owns 22,173 shares of CWBC common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral 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 process of covering tax obligations related to stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related stock disposition.

Key Dates