Borba George A Jr 4
Research Summary
AI-generated summary
CVB Financial (CVBF) Director George Borba Buys 25,187 Shares
What Happened
George A. Borba Jr., a director of CVB Financial Corp. (CVBF), purchased 25,187 shares in open-market transactions on May 19, 2026. The reported weighted-average purchase price was $19.85 per share for a total cost of approximately $500,000. (This was a purchase — often viewed as a more informative/“bullish” signal than routine sales, though no motives are stated.)
Key Details
- Transaction date: May 19, 2026 (reported the same day).
- Transaction type: Open-market purchase (Code P).
- Shares acquired: 25,187; weighted-average price $19.85; total reported value ≈ $500,000. Purchases ranged from $19.805 to $19.88 per share (footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Weighted average price shown; per-share prices ranged $19.805–$19.88. Full per-price quantities available on request.
- F2–F5: Some shares are held in entities/trusts (George Borba & Son Dairy, L.P.; custodial accounts for minor children; The Marital Trust under The George Borba Family Trust; Borba Childrens Holding Trust). Reporting person disclaims beneficial ownership of certain trust/ custodial holdings except to the extent of any pecuniary interest.
- Filing timeliness: Reported for the same date as the transaction (no late filing indicated).
Context
This was a direct open-market purchase by an individual director. The filing shows purchases rather than option exercises, gifts, or tax-withholding, and the footnotes indicate some shares are held in family/partnership/trust arrangements, with customary disclaimers of beneficial ownership for certain holdings.