Form 4: CVB Financial Corp Executive David Harvey Reports Stock Transactions
SEC Form 4
David Harvey, EVP and Chief Operating Officer of CVB Financial Corp, reports acquisition and disposal of common stock related to performance stock units.
Summary
- On March 6, 2024, David C Harvey, EVP and Chief Operating Officer of CVB Financial Corp, reported transactions involving CVB Financial Corp [CVBF] common stock.
- Harvey acquired 14,094 shares of common stock at $0 due to the satisfaction of vesting conditions for Performance Stock Units (PRSU) granted on January 27, 2021.
- He also disposed of 6,441 shares at $17.8 to cover taxes due on the vested amount.
- Following these transactions, Harvey beneficially owns 110,042 shares of CVB Financial Corp common stock.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't contain overtly positive or negative information, but the vesting of performance stock units suggests that performance targets were met.
Positives
- Vesting of Performance Stock Units indicates achievement of performance conditions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 01/27/2021 | Date Performance Stock Units (PRSU) were granted. |
| 01/27/2024 | Date Performance Stock Units (PRSU) vested. |
| 03/06/2024 | Date of stock acquisition and disposal. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.