Form 4: Community West Bancshares Executive Vice President Teresa Gilio Reports Stock Transaction
SEC Form 4 Filing
Teresa Gilio, Executive Vice President of Community West Bancshares, reports the disposal of 968 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 24, 2024, Teresa Gilio, Executive Vice President of Community West Bancshares, filed a Form 4 indicating changes in beneficial ownership of the company's stock.
- The transaction involved the disposal of 968 shares of CWBC common stock to satisfy tax withholding obligations related to the vesting of 2,781 restricted stock units.
- The shares were disposed of at a price of $20.1, representing the fair market value at vesting.
- Following the transaction, Gilio directly owns 13,324 shares of Community West Bancshares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Deemed execution date of the transaction. |
| 09/24/2024 | Date of the transaction and filing of Form 4. |
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