MARTIN JEFFREY MICHAEL 4
Research Summary
AI-generated summary
Community West (CWBC) EVP MARTIN JEFFREY MICHAEL Withholds 726 Shares
What Happened
- MARTIN JEFFREY MICHAEL, Executive Vice President of Community West Bancshares (CWBC), had 726 shares withheld to satisfy tax withholding obligations. The shares were valued at $24.01 each for a total of $17,431.
- The withholding occurred in connection with the vesting of 2,021 restricted shares from a Restricted Stock Award granted May 30, 2024. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-05-30; Price per share: $24.01; Shares withheld/disposed: 726; Total value: $17,431.
- Related award: 2,021 restricted shares vested from a May 30, 2024 Restricted Stock Award (footnote: shares withheld to satisfy taxes).
- Shares owned after transaction: Not provided in the excerpt.
- Filing: Report filed 2026-06-01 for the 2026-05-30 transaction — appears to be filed promptly (Form 4 is generally due within two business days).
- Transaction code: F (tax withholding).
Context
- This was a company withholding to cover tax obligations on vested restricted stock, effectively a cashless disposition of a portion of the award. It is a routine administrative action and not the same as an open-market sale, so it should not be read as a direct signal of insider sentiment.