LOKEY JAMES W 4
4 · Community West Bancshares · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Community West Bancshares Director James W. Lokey Receives 1,451 RSUs
What Happened James W. Lokey, a director of Community West Bancshares (CWBC), was granted 1,451 restricted stock units (RSUs) on 2026-05-06. The filing reports the RSUs as a derivative award acquired at $0.00; the company valued each RSU at $24.13 on the grant date, implying a grant value of approximately $35,013. This is an award (grant) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (timely filing).
- Grant: 1,451 RSUs; per-RSU value on grant date: $24.13; approximate total value: $35,013 (1,451 × $24.13).
- Reported as a derivative acquisition (code A on the Form 4).
- Shares owned after the transaction: not specified in the excerpt of the filing.
- Footnote: RSUs convert to one share each upon vesting; cash dividends on RSUs, if any, are withheld and paid only upon vesting and are subject to forfeiture to the same extent as the RSUs.
Context RSU grants are a common form of compensation for directors and executives; they do not reflect an immediate cash purchase or sale of company stock. These RSUs vest on anniversaries of the grant (per the footnote) and only become actual shares—and tradable—if and when they vest.
Insider Transaction Report
- 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.