Community West (CWBC) EVP Jeffrey Martin Withholds 603 Shares for Taxes

What Happened Jeffrey Michael Martin, Executive Vice President of Community West Bancshares (CWBC), had 603 shares withheld on May 17, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock. The withheld shares were valued at $23.20 each, for a total of $13,990. This was not an open-market sale but a tax-withholding disposition related to a Restricted Stock Award.

Key Details

• Transaction date: 2026-05-17; filing date: 2026-05-19 (filed within normal reporting window).
• Shares withheld/disposed: 603 shares at $23.20 per share; total value $13,990.
• Reason: Tax withholding to satisfy obligations from the vesting of 1,679 restricted shares (Restricted Stock Award granted May 17, 2023). (Footnote F1)
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Filing status: No indication of a late filing in this record.

Context

• This is a routine tax-withholding event (transaction code F) triggered when restricted shares vest; it reduces the insider’s outstanding shares but is not a market sell indicating a change in sentiment.
• The underlying award: 1,679 restricted shares vested; 603 of those were withheld to cover taxes (a common cashless/withholding mechanism).