Elliott Frank T. IV 4
4 · Community West Bancshares · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Community West (CWBC) Director Elliott Frank IV Receives RSU Award
What Happened
Elliott Frank T. IV, a director of Community West Bancshares (CWBC), received a grant of 1,451 restricted stock units (RSUs) on 2026-05-06. The filing reports a per‑RSU grant value of $24.13, implying a total grant value of about $35,013. The award was reported as a derivative acquisition (Form 4 code A) with $0 cash paid at grant.
Key Details
- Transaction date: 2026-05-06; Form 4 filed 2026-05-08 (appears timely).
- Grant: 1,451 RSUs; per‑RSU value on grant date $24.13; total ≈ $35,012.63.
- Acquisition type: Award/Grant of RSUs (derivative), not an open‑market purchase or sale.
- Shares owned following the transaction: not disclosed in the provided filing details.
- Footnote: RSUs vest on the anniversary of the grant; cash dividends (if any) are withheld and paid only upon vesting and are subject to forfeiture to the same extent as the RSUs.
Context
RSUs are a contingent right to receive company shares upon vesting; they do not represent immediate share ownership or a market purchase/sale. Such director compensation awards are common and reflect equity compensation, not necessarily a signal of near‑term trading intent.
Insider Transaction Report
Form 4
Elliott Frank T. IV
Director
Transactions
- Award
Restricted Stock Unit
[F1]2026-05-06+1,451→ 1,451 total→ CWBC - Common Stock (1,451 underlying)
Footnotes (1)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer common stock and vests on the anniversary of the date of grant. Cash dividends on RSUs, if any, will be withheld by the Issuer for the account of the Reporting Person, will be subject to forfeiture to the same extent as the RSUs, and will be paid to the Reporting Person upon vesting of the RSUs. The per RSU value on the date of grant was $24.13.
Signature
/s/ Shannon R. Livingston, Attorney-in-Fact for Frank T. Elliott IV|2026-05-08