Form 4: CVB Financial Corp Executive Farnsworth Reports Stock Transactions

David F. Farnsworth, EVP & CCO of CVB Financial Corp, reports the vesting of performance stock units and subsequent withholding of shares for tax obligations.

Summary

• On March 7, 2025, David F. Farnsworth, EVP & CCO of CVB Financial Corp, reported transactions involving common stock.
• 11,562 shares were acquired due to the satisfaction of vesting conditions for Performance Stock Units (PRSU) granted on January 26, 2022.
• These PRSUs vested based on the achievement of performance conditions.
• 4,137 shares were withheld to cover taxes due on the vested amount, at a price of $19.44 per share.
• Following these transactions, Farnsworth directly owns 71,250 shares of CVB Financial Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects standard executive compensation practices and regulatory filings. The vesting of PRSUs suggests positive performance, but the tax withholding is a normal occurrence.

Positives

• The vesting of Performance Stock Units suggests that performance conditions were met, which could be viewed positively.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity by a high-ranking executive at CVB Financial Corp.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation.

Key Dates