Form 4: CVB Financial EVP Sells Shares for Tax Obligations
Insider Transaction Report
CVB Financial Corp's EVP & General Counsel, Richard H. Wohl, disposed of 1,454 shares of common stock to cover tax obligations related to vested restricted stock awards.
Summary
- Richard H. Wohl, Executive Vice President & General Counsel of CVB Financial Corp (CVBF), reported a transaction involving the company's common stock.
- On January 22, 2026, Mr. Wohl disposed of 1,454 shares of common stock at a price of $20.725 per share.
- This disposition was a withholding of shares from Restricted Stock Awards (RSA) that vested on the same date, specifically to pay for taxes due on the vested amount.
- Following this transaction, Mr. Wohl beneficially owns 48,715.642 shares of CVB Financial Corp common stock directly.
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary insider transaction for tax purposes, which is neutral in sentiment and does not indicate any positive or negative operational or financial developments for the company.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.
Industry Context
This type of insider transaction, specifically the disposition of shares to cover tax obligations upon the vesting of restricted stock awards, is a routine and common occurrence for executives receiving equity compensation across various industries. It is a standard mechanism for managing tax liabilities associated with non-cash compensation.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/22/2026 | Date of transaction: Withholding of shares of RSA vested to pay for taxes due on vested amount. |
| 01/23/2026 | Date the Form 4 was signed by Richard H. Wohl. |
Keywords
CVBF, Form 4, insider transaction, stock sale, executive compensation, restricted stock award, tax withholding
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