Form 4: CVB Financial Corp Executive Richard H. Wohl Reports Stock Transactions
SEC Form 4
Richard H. Wohl, EVP & General Counsel of CVB Financial Corp, reports acquisition of 5,625 shares and disposal of 2,812 shares of common stock on March 6, 2024.
Summary
- On March 6, 2024, Richard H. Wohl, EVP & General Counsel of CVB Financial Corp, reported transactions involving the company's common stock.
- He acquired 5,625 shares of common stock at $0, representing the satisfaction of vesting conditions for Performance Stock Units (PRSU) granted on January 27, 2021.
- He also disposed of 2,812 shares at $17.8 to cover taxes due on the vested amount.
- Following these transactions, Wohl directly owns 34,812.642 shares of CVB Financial Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of Performance Stock Units indicates that performance conditions were met, which could be viewed positively.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholders, but are unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 01/27/2021 | Date of grant for Performance Stock Units (PRSU). |
| 03/06/2024 | Date of stock acquisition and disposal. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
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