Form 4: CVB Financial EVP Sells Shares for Tax Obligations

CVB Financial's EVP & CCO, David F. Farnsworth, disposed of 1,367 shares of common stock to cover tax liabilities related to vested restricted stock awards.

Summary

• David F. Farnsworth, Executive Vice President and Chief Credit Officer (EVP & CCO) of CVB Financial Corp. (CVBF), reported a transaction.
• On January 22, 2026, 1,367 shares of CVB Financial Corp. common stock were disposed of.
• The disposition was due to the withholding of shares from a vested Restricted Stock Award (RSA) to pay for taxes.
• The shares were disposed of at a price of $20.725 per share.
• Following this transaction, Farnsworth beneficially owns 80,171 shares of CVB Financial Corp. common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax obligations upon the vesting of restricted stock awards, which is a common practice for executive compensation and does not indicate a change in company fundamentals or management's outlook.

Positives

• The transaction reflects the vesting of restricted stock awards, a common component of executive compensation designed to align management interests with shareholder value over the long term.

Negatives

• The disposition of 1,367 shares represents a minor, routine dilution of outstanding shares.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes results in a minor, routine dilution of outstanding shares.
• Employees: No direct impact on the broader employee base.
• Customers, Suppliers, Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an executive to cover tax liabilities associated with vested restricted stock awards. Such transactions are common and generally do not reflect a change in the company's operational performance or future prospects, nor do they signal a shift in management's confidence. Therefore, the filing itself does not warrant a change in investment recommendation.

Keywords

CVB Financial, CVBF, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Award, Tax Withholding, Stock Sale