CVB Financial (CVBF) COO Harvey David C Receives Award, Withholds Shares

What Happened

• Harvey David C, Chief Operating Officer of CVB Financial Corp (CVBF), had 12,562 performance stock units (PRSU) vest on 2026-03-16 (reported as an award). To cover tax withholding on the vested PRSUs, 6,256 shares were withheld/disposed at $19.00 per share (reported total $118,895). Net shares delivered from the vesting were 12,562 - 6,256 = 6,306 shares.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-18 (timely filing).
• Award: 12,562 PRSUs granted/vested (transaction code A; price $0.00 as reported).
• Withholding: 6,256 shares withheld/disposed to cover taxes (transaction code F) at $19.00/share (reported $118,895).
• Footnotes: F1 — vesting satisfied for PRSUs originally granted 1/25/2023 based on performance; F2 — shares withheld to pay taxes on the vested PRSUs.
• Shares owned after the transaction were not specified in the provided excerpt of the filing.

Context

• This was a compensation-related vesting event (performance stock units) with routine tax-withholding — not an open-market buy or sale meant to signal investment intent. Withholding shares to cover taxes is common in equity compensation (a form of cashless settlement).