Nicholson E Allen 4

What Happened Nicholson E. Allen, EVP and CFO of CVB Financial Corp. (CVBF), had 12,562 performance stock units (PRSUs) vest on March 16, 2026 (reported as an award). Simultaneously, 6,238 of those vested shares were withheld at $19.00 per share to satisfy tax withholding obligations, a withholding value of $118,553. The award shares were recorded at $0.00 in the filing (typical for vested RSU/PRSU grants).

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (timely filing).
• Award: 12,562 PRSU shares granted/vested (Code A).
• Withholding: 6,238 shares withheld to pay taxes at $19.00/share, total $118,553 (Code F).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes: F1 — PRSUs granted 1/25/2023 vested based on performance; F2 — shares were withheld to pay taxes due on the vested PRSUs.
• Transaction codes: A = award/vesting; F = tax withholding.

Context This was a vesting of performance-based restricted stock units, not a market purchase or a discretionary sale by the insider. The withholding of shares to pay taxes is a routine corporate practice (a cashless settlement of tax liability) and does not necessarily indicate a change in the insider’s view of the company.