Farnsworth David F 4
Research Summary
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CVB Financial (CVBF) EVP David F. Farnsworth Withholds 1,367 Shares for Taxes
What Happened David F. Farnsworth, EVP & Chief Credit Officer of CVB Financial (CVBF), had 1,367 shares withheld to satisfy taxes on vested restricted stock awards. The shares were valued at $20.73 each for a total of $28,331; the transaction is recorded as a tax withholding (disposition), not an open-market sale.
Key Details
- Transaction date: 2026-01-22; per-share value: $20.73; total value: $28,331.
- Transaction type/code: F — withholding of shares to cover tax liability on vested RSAs.
- Shares owned after transaction: Not specified in the Form 4 provided.
- Footnote: F1 — withholding of shares of RSA vested on 1/22/2026 to pay taxes due on the vested amount.
- Filing timeliness: Report filed 2026-01-23 for a 2026-01-22 transaction (appears timely).
Context This was an administrative tax-withholding of vested restricted stock awards (RSAs), a routine disposition that does not represent an open-market sale and is generally not interpreted as a directional trading signal. It reflects settlement of tax obligations rather than a decision to liquidate holdings.