Laygo Sheryl 4

What Happened

• Sheryl Laygo, Chief Accounting Officer of CVB Financial (CVBF), had 248 shares withheld to cover taxes related to vested restricted stock awards (RSAs). The shares were valued at $20.48 each, for a total of about $5,079, and were recorded as a disposition on Feb 22, 2026. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-22; Price per share: $20.48; Total value: ~$5,079.
• Transaction code: F (withholding of shares to satisfy tax liability).
• Footnote: Withholding of shares of RSA vested on 1/22/2026 to pay for taxes due on vested amount (F1).
• Shares owned after the transaction: Not reported in this Form 4.
• Filing: Form 4 filed 2026-02-24 for a 2026-02-22 transaction—appears to be a timely filing.

Context

• This was an administrative tax-withholding related to RSAs that vested (cashless retention of shares), not a discretionary sale in the open market. Such withholdings are routine and generally do not signal insider buying or selling intent.