Form 4: CVB Financial Corp Executive Sells Shares to Cover Tax Obligations

Richard H. Wohl, EVP & General Counsel of CVB Financial Corp, disposed of 1,000 shares of common stock on March 25, 2024, to cover tax obligations related to vested restricted stock units.

Summary

• Richard H. Wohl, an executive at CVB Financial Corp, filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on March 25, 2024.
• Mr. Wohl disposed of 1,000 shares of CVB Financial Corp common stock at a price of $17.04.
• This transaction was to cover taxes due on vested restricted stock units (RSA).
• Following the transaction, Mr. Wohl beneficially owns 33,812.642 shares of CVB Financial Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.

Key Dates