Form 4: CVB Financial Corp Executive Sheryl Laygo Reports Stock Transactions
SEC Form 4 Filing
Sheryl Laygo, Chief Accounting Officer of CVB Financial Corp, reports the withholding of shares to cover taxes on vested restricted stock awards.
Summary
- On March 20, 2025, Sheryl Laygo, Chief Accounting Officer of CVB Financial Corp, had 247 shares of common stock withheld at a price of $18.61 to cover taxes due on vested restricted stock awards, resulting in a holding of 12,208 shares.
- On March 23, 2025, an additional 207 shares were withheld at $18.70 per share for the same reason, leaving her with 12,001 shares.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
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 transactions have a minimal impact on shareholders as they relate to tax obligations on vested stock awards.
Key Dates
| Date | Description |
|---|---|
| 03/20/2025 | Withholding of 247 shares of RSA vested to pay for taxes due on vested amount. |
| 03/23/2025 | Withholding of 207 shares of RSA vested to pay for taxes due on vested amount. |
| 03/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, CVBF, CVB Financial Corp, Sheryl Laygo, Stock Transaction, Restricted Stock Award, Beneficial Ownership, Chief Accounting Officer
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