Flautt Robert j 4

What Happened

Robert J. Flautt, a director of Community West Bancshares (CWBC), received a grant of 1,451 restricted stock units (RSUs) on 2026-05-06. The grant was reported as a derivative award (transaction code A) with an acquisition price of $0.00. The issuer valued each RSU at $24.13 on the grant date, giving the award an approximate grant-date value of $35,012.63. This is an equity award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (filed within the typical two-business-day window).
• Award: 1,451 RSUs; grant price shown as $0.00 (derivative award).
• Grant-date per-RSU value: $24.13; total grant value ≈ $35,012.63.
• Shares owned after transaction: not specified in the filing.
• Footnote summary: Each RSU represents a contingent right to one share and vests on the anniversary of the grant. Any cash dividends on RSUs will be withheld, are subject to forfeiture to the same extent as the RSUs, and will be paid only upon vesting.

Context

RSUs are deferred equity awards that convert to common shares only upon vesting; they do not represent immediately tradable shares. Such grants are routine compensation for directors and executives and do not, by themselves, indicate a buy or sell decision in the market.