Form 4: CVB Financial EVP DeAngelis Sells Shares for Tax
Insider Transaction Report
CVB Financial Corp's EVP Chief Risk Officer, Yamynn DeAngelis, disposed of 824 common shares to cover tax obligations related to vested restricted stock awards.
Summary
- Yamynn DeAngelis, the Executive Vice President and Chief Risk Officer of CVB Financial Corp. (CVBF), reported a disposition of common stock.
- On January 22, 2026, DeAngelis disposed of 824 shares of CVB Financial Corp. common stock at a price of $20.725 per share.
- This transaction was a withholding of shares from a Restricted Stock Award (RSA) that vested on the same date, specifically to pay for taxes due on the vested amount.
- Following this transaction, Yamynn DeAngelis beneficially owns 137,202 shares of CVB Financial Corp. common stock.
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The transaction is a neutral event, representing a routine tax-related disposition of shares from vested equity compensation, not indicative of a change in sentiment or company performance.
Industry Context
This is a routine insider transaction, common for executives receiving equity compensation. The disposition of shares to cover tax obligations upon the vesting of restricted stock awards is a standard practice across industries and does not typically indicate a change in management's outlook on the company.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compliance Disclosure | The transaction was made pursuant to a Rule 10b5-1(c) plan, which provides an affirmative defense against insider trading allegations for pre-arranged trades. | 01/22/2026 | Indicates adherence to SEC regulations for insider trading and pre-planned equity transactions, enhancing transparency and reducing potential for perceived impropriety. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, tax-related transaction and not a discretionary sale based on new information.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 01/22/2026 | Date of earliest transaction and vesting of Restricted Stock Award (RSA). |
| 01/23/2026 | Date the Form 4 was signed and filed. |
Recommendation
holdThis Form 4 filing details a routine, tax-related disposition of shares by an executive following the vesting of restricted stock awards, executed under a Rule 10b5-1 plan. Such transactions are common and do not typically reflect a change in the executive's confidence in the company's future prospects or fundamental performance. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance is maintained.
Keywords
CVBF, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Tax Withholding, Restricted Stock Award, Rule 10b5-1
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