Form 4: Community West Bancshares Executive Vice President Reports Stock Transaction
SEC Form 4 Filing
Jeffrey Michael Martin, an Executive Vice President at Community West Bancshares, reports the disposal of 208 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 15, 2024, Jeffrey Michael Martin, an Executive Vice President of Community West Bancshares, disposed of 208 shares of CWBC common stock.
- The transaction was executed 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, Martin directly owns 17,991 shares of Community West Bancshares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. 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 to cover tax obligations related to vested equity.
Key Dates
| Date | Description |
|---|---|
| June 15, 2022 | Date of grant of 622 restricted stock units to the reporting person. |
| June 15, 2024 | Date of transaction: disposal of 208 shares to cover tax obligations related to vesting restricted stock units. |
| June 18, 2024 | Date of signature of the Form 4 filing. |
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