Stronks Timothy Joseph 4
4 · Community West Bancshares · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Community West Bancshares EVP Timothy Stronks Receives RSU Award
What Happened
Timothy J. Stronks, Executive Vice President of Community West Bancshares (CWBC), was granted 2,694 restricted stock units (RSUs) on May 6, 2026. The filing lists the acquisition as a grant (derivative award) at $0.00 per unit; the reported per‑RSU grant value was $24.13, giving an aggregate grant value of approximately $65,006.22. This is a compensation award (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-05-06; Grant type: RSU award (derivative acquisition, code A).
- Units granted: 2,694 RSUs; grant value per RSU: $24.13; total grant value ≈ $65,006.22.
- Price shown on Form 4: $0.00 (typical for RSU grants—no cash paid by insider).
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote (F1): Each RSU converts to one share upon vesting, vests in three equal annual installments on each anniversary of the grant; any cash dividends are withheld and paid only upon vesting and are subject to forfeiture like the RSUs.
- Filing timeliness: Report filed 2026-05-08 for a 2026-05-06 grant (no late filing indicated in the provided data).
Context
RSU grants are a common form of executive compensation and represent a contingent right to receive company stock in the future as the units vest. Because this was a grant (compensation), it does not by itself signal buying or selling intent in the market. Vesting schedule and forfeiture conditions (see footnote) determine when these units convert into tradeable shares.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1]2026-05-06+2,694→ 2,694 total→ CWBC - Common Stock (2,694 underlying)
Footnotes (1)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer common stock and vests in three equal installments each year on the anniversary 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.