CVB FINANCIAL CORP 8-K

What Happened
CVB Financial Corp. (filed May 26, 2026, Item 5.02) announced that Richard Wohl, Executive Vice President and General Counsel, will retire effective June 5, 2026. Wohl has served as the Company’s General Counsel since October 2011. The Compensation Committee approved early acceleration of vesting for his restricted stock awards effective June 5, 2026.

Key Details

• Retirement effective date: June 5, 2026.
• Accelerated awards total: 17,904 restricted shares (3,074 + 5,816 + 9,014).
• Original vesting schedules: awards scheduled to vest in January 2027, January 2027/January 2028, and January 2027/January 2028/January 2029.
• Estimated value of accelerated awards: approximately $364,346, based on CVB’s closing share price of $20.35 on May 22, 2026.

Why It Matters
This 8-K reports an executive departure and a related compensation action. Investors should note the one-time acceleration of equity vesting—a modest cash-equivalent charge reflected by the accelerated award value—which affects executive compensation and dilution considerations. The filing does not disclose a replacement or broader changes to the board or management beyond Wohl’s retirement.