Laygo Sheryl 4

What Happened Sheryl Laygo, Chief Accounting Officer of CVB Financial Corp (CVBF), had restricted stock award (RSA) shares withheld to satisfy tax obligations tied to vesting. On 2026-03-19, 248 shares were withheld at $18.88 each (value $4,682). On 2026-03-20, another 248 shares were withheld at $18.60 each (value $4,613). Total shares withheld: 496; total value surrendered to cover taxes: approximately $9,295. These were tax-withholding dispositions (routine), not open-market sales or purchases.

Key Details

• Transaction dates and prices:
  • 2026-03-19: 248 shares @ $18.88 = $4,682 (withheld)
  • 2026-03-20: 248 shares @ $18.60 = $4,613 (withheld)
• Total shares withheld: 496; total value ≈ $9,295.
• Transaction code: F — tax withholding to satisfy taxes on vested RSAs (footnotes F1 and F2 confirm withholding for taxes on RSAs vested 3/19/2026 and 3/20/2026).
• Shares owned after the transaction: not specified in the Form 4 filing.
• Form 4 filed on 2026-03-23, reporting the 3/19 and 3/20 withholdings.

Context These transactions are routine tax-withholding actions associated with vested restricted stock awards and do not represent an open-market sale or a discretionary trade by the insider. Tax withholding is common when RSAs vest and generally should not be interpreted as a directional signal about the insider's view of the company.