Kim James J 4
Research Summary
AI-generated summary
Community West Bancshares (CWBC) CEO Kim James J Sells Shares
What Happened
- Kim James J, CEO and director of Community West Bancshares (CWBC), had 813 shares withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted stock. The withholding involved 388 shares at $23.97 ($9,300) and 425 shares at $23.97 ($10,187), for a total of $19,487. These are tax-withholding dispositions, not open-market sales.
Key Details
- Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (timely).
- Prices/values: 388 shares @ $23.97 = $9,300; 425 shares @ $23.97 = $10,187; total 813 shares = $19,487.
- Reason: Shares were withheld to satisfy tax withholding on vested restricted stock awards (F1 refers to 940 shares vested from a Feb 1, 2022 award; F3 refers to 1,031 shares vested from a Feb 1, 2023 award). F2 notes $23.97 is the fair value at vesting.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing status: Timely (filed two days after the transaction date).
Context
- This was a tax-withholding action (reported as disposition) associated with vesting of restricted stock, a routine administrative step that reduces the net shares the insider receives. It is not an open-market sale of shares for cash proceeds by the insider and doesn’t necessarily indicate a change in insider sentiment.