AG˹ٷ

STOCK TITAN

[Form 4] CVB Financial Corp Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

On 04 Aug 2025, CVB Financial Corp (CVBF) director George A. Borba Jr filed Form 4 reporting an open-market purchase of 53,567 common shares (Transaction Code P) at a weighted-average price of $18.6682 (price range $18.495�$18.72). The purchase was made through George Borba & Son Dairy, L.P., lifting that partnership’s stake to 718,688 shares.

The filing details Borba’s wider ownership: 54,825 directly held shares, 288 shares as custodian for minor children, 4,599,439 shares in a marital trust, and 2,277,000 shares in a children’s holding trust, bringing total reported beneficial exposure to roughly 7.6 million shares. Borba remains a director and is not flagged as a 10 % owner.

Insider buying is typically viewed as a favorable governance signal because it may reflect confidence in the issuer’s valuation and prospects. Nevertheless, the newly acquired shares represent a small fraction of Borba’s existing position, so the incremental impact on alignment and market perception is modest.

Il 4 agosto 2025, il direttore di CVB Financial Corp (CVBF), George A. Borba Jr, ha presentato il Modulo 4 segnalando un acquisto sul mercato aperto di 53.567 azioni ordinarie (Codice Transazione P) a un prezzo medio ponderato di 18,6682 $ (intervallo di prezzo 18,495�18,72 $). L'acquisto è stato effettuato tramite George Borba & Son Dairy, L.P., portando la partecipazione di questa società di persone a 718.688 azioni.

La documentazione dettaglia la più ampia proprietà di Borba: 54.825 azioni detenute direttamente, 288 azioni come custode per figli minorenni, 4.599.439 azioni in un trust matrimoniale e 2.277.000 azioni in un trust per i figli, portando l'esposizione totale beneficiaria segnalata a circa 7,6 milioni di azioni. Borba rimane direttore e non è segnalato come possessore del 10% o più.

L'acquisto da parte di un insider è generalmente considerato un segnale positivo di governance, poiché può riflettere fiducia nella valutazione e nelle prospettive dell'emittente. Tuttavia, le azioni appena acquisite rappresentano una piccola frazione della posizione già detenuta da Borba, quindi l'impatto incrementale sull'allineamento e sulla percezione del mercato è modesto.

El 4 de agosto de 2025, el director de CVB Financial Corp (CVBF), George A. Borba Jr, presentó el Formulario 4 informando una compra en mercado abierto de 53,567 acciones comunes (Código de Transacción P) a un precio promedio ponderado de $18.6682 (rango de precio $18.495�$18.72). La compra se realizó a través de George Borba & Son Dairy, L.P., elevando la participación de esa sociedad a 718,688 acciones.

La presentación detalla la propiedad más amplia de Borba: 54,825 acciones en propiedad directa, 288 acciones como custodio para hijos menores, 4,599,439 acciones en un fideicomiso matrimonial y 2,277,000 acciones en un fideicomiso para niños, sumando una exposición beneficiaria total reportada de aproximadamente 7.6 millones de acciones. Borba sigue siendo director y no está registrado como propietario del 10% o más.

La compra por parte de un insider suele considerarse una señal favorable de gobernanza, ya que puede reflejar confianza en la valoración y perspectivas del emisor. Sin embargo, las acciones recién adquiridas representan una pequeña fracción de la posición existente de Borba, por lo que el impacto incremental en la alineación y la percepción del mercado es modesto.

2025� 8� 4�, CVB Financial Corp (CVBF) 이사� George A. Borba Jr가 Form 4� 제출하여 시장 � 공개 매수� 53,567� 보통주를 (거래 코드 P) 가중평� 가� $18.6682 (가� 범위 $18.495�$18.72)� 매입했다� 보고했습니다. � 매수� George Borba & Son Dairy, L.P.� 통해 이루어졌으며, � 파트너십� 지분은 718,688�� 증가했습니다.

신고서에� Borba� 광범위한 소유 현황� 상세� 나와 있습니다: 직접 보유 주식 54,825�, 미성� 자녀� 위한 수탁자로� 288�, 4,599,439�� 혼인 신탁, 그리� 2,277,000�� 자녀 보유 신탁으로, � 보고� 실질 소유 주식은 � 760� 주에 달합니다. Borba� 여전� 이사� 재직 중이� 10% 이상 소유자로� 분류되지 않습니다.

내부� 매수� 일반적으� 발행자의 가� 평가와 전망� 대� 신뢰� 반영� � 있기 때문� 긍정적인 거버넌스 신호� 여겨집니�. 그럼에도 불구하고 이번� 새로 취득� 주식은 Borba� 기존 보유량에 비해 작은 비중이므�, 정렬 � 시장 인식� 미치� 추가 영향은 미미합니�.

Le 4 août 2025, George A. Borba Jr, administrateur de CVB Financial Corp (CVBF), a déposé le Formulaire 4 rapportant un achat sur le marché libre de 53 567 actions ordinaires (code de transaction P) à un prix moyen pondéré de 18,6682 $ (fourchette de prix de 18,495 à 18,72 $). L'achat a été effectué par l'intermédiaire de George Borba & Son Dairy, L.P., portant la participation de ce partenariat à 718 688 actions.

Le dépôt détaille la propriété plus large de Borba : 54 825 actions détenues directement, 288 actions en tant que dépositaire pour enfants mineurs, 4 599 439 actions dans un trust matrimonial et 2 277 000 actions dans un trust pour enfants, portant l'exposition bénéficiaire totale déclarée à environ 7,6 millions d'actions. Borba reste administrateur et n'est pas signalé comme propriétaire à 10 % ou plus.

L'achat par un initié est généralement considéré comme un signal de gouvernance favorable, car il peut refléter la confiance dans l'évaluation et les perspectives de l'émetteur. Néanmoins, les actions nouvellement acquises représentent une petite fraction de la position existante de Borba, de sorte que l'impact supplémentaire sur l'alignement et la perception du marché est modeste.

Am 4. August 2025 reichte George A. Borba Jr, Direktor von CVB Financial Corp (CVBF), ein Formular 4 ein, in dem er einen Offenmarkt-Kauf von 53.567 Stammaktien (Transaktionscode P) zu einem gewichteten Durchschnittspreis von 18,6682 $ (Preisspanne 18,495�18,72 $) meldete. Der Kauf erfolgte über George Borba & Son Dairy, L.P., wodurch der Anteil dieser Partnerschaft auf 718.688 Aktien stieg.

Die Einreichung gibt detaillierte Informationen zu Borbas umfassender Beteiligung: 54.825 direkt gehaltene Aktien, 288 Aktien als Treuhänder für minderjährige Kinder, 4.599.439 Aktien in einem ehelichen Trust und 2.277.000 Aktien in einem Kinder-Trust, was die insgesamt gemeldete wirtschaftliche Beteiligung auf etwa 7,6 Millionen Aktien bringt. Borba bleibt Direktor und wird nicht als 10%-Eigentümer geführt.

Insider-Käufe werden typischerweise als positives Governance-Signal gewertet, da sie Vertrauen in die Bewertung und Zukunftsaussichten des Emittenten widerspiegeln können. Dennoch stellen die neu erworbenen Aktien nur einen kleinen Bruchteil von Borbas bestehender Position dar, sodass die zusätzliche Wirkung auf Ausrichtung und Marktwahrnehmung eher gering ist.

Positive
  • Director George A. Borba Jr purchased 53,567 CVBF shares at ~$18.67, indicating confidence and increasing his partnership stake to 718,688 shares.
  • The filing shows substantial insider ownership—over 4.5 million shares in a marital trust and other vehicles—aligning director interests with shareholders.
Negative
  • The new purchase only adds <1 % to Borba’s already large 7.6 million-share position, limiting incremental signaling power.

Insights

TL;DR � Director’s $1 M purchase is a constructive, but small, bullish signal.

The ~$1.0 million purchase (53,567 sh × $18.67) increases Borba’s indirect stake by 8 %. Insider buying—especially by long-tenured directors—often precedes outperformance because it suggests undervaluation or confidence in future fundamentals. However, Borba already controls ~7.6 million shares; the added tranche lifts total exposure by <1 %, muting the informational value. No sales were reported, preserving a net positive tone. The trade occurred near the stock’s recent trading range, indicating opportunistic accumulation rather than aggressive conviction buying.

TL;DR � Fresh insider buy marginally strengthens shareholder alignment.

From a governance stance, purchasing shares in the open market—rather than via option exercise—demonstrates personal financial commitment. Borba’s layered holdings through trusts, partnership and custodial accounts already provide substantial skin in the game, aligning board incentives with long-term shareholders. While the added 53 k shares are not material relative to his aggregate exposure, the absence of concurrent sales and the use of personal capital keep the governance signal positive. No red flags, related-party transactions, or 10b5-1 safe-harbor indicators were noted.

Il 4 agosto 2025, il direttore di CVB Financial Corp (CVBF), George A. Borba Jr, ha presentato il Modulo 4 segnalando un acquisto sul mercato aperto di 53.567 azioni ordinarie (Codice Transazione P) a un prezzo medio ponderato di 18,6682 $ (intervallo di prezzo 18,495�18,72 $). L'acquisto è stato effettuato tramite George Borba & Son Dairy, L.P., portando la partecipazione di questa società di persone a 718.688 azioni.

La documentazione dettaglia la più ampia proprietà di Borba: 54.825 azioni detenute direttamente, 288 azioni come custode per figli minorenni, 4.599.439 azioni in un trust matrimoniale e 2.277.000 azioni in un trust per i figli, portando l'esposizione totale beneficiaria segnalata a circa 7,6 milioni di azioni. Borba rimane direttore e non è segnalato come possessore del 10% o più.

L'acquisto da parte di un insider è generalmente considerato un segnale positivo di governance, poiché può riflettere fiducia nella valutazione e nelle prospettive dell'emittente. Tuttavia, le azioni appena acquisite rappresentano una piccola frazione della posizione già detenuta da Borba, quindi l'impatto incrementale sull'allineamento e sulla percezione del mercato è modesto.

El 4 de agosto de 2025, el director de CVB Financial Corp (CVBF), George A. Borba Jr, presentó el Formulario 4 informando una compra en mercado abierto de 53,567 acciones comunes (Código de Transacción P) a un precio promedio ponderado de $18.6682 (rango de precio $18.495�$18.72). La compra se realizó a través de George Borba & Son Dairy, L.P., elevando la participación de esa sociedad a 718,688 acciones.

La presentación detalla la propiedad más amplia de Borba: 54,825 acciones en propiedad directa, 288 acciones como custodio para hijos menores, 4,599,439 acciones en un fideicomiso matrimonial y 2,277,000 acciones en un fideicomiso para niños, sumando una exposición beneficiaria total reportada de aproximadamente 7.6 millones de acciones. Borba sigue siendo director y no está registrado como propietario del 10% o más.

La compra por parte de un insider suele considerarse una señal favorable de gobernanza, ya que puede reflejar confianza en la valoración y perspectivas del emisor. Sin embargo, las acciones recién adquiridas representan una pequeña fracción de la posición existente de Borba, por lo que el impacto incremental en la alineación y la percepción del mercado es modesto.

2025� 8� 4�, CVB Financial Corp (CVBF) 이사� George A. Borba Jr가 Form 4� 제출하여 시장 � 공개 매수� 53,567� 보통주를 (거래 코드 P) 가중평� 가� $18.6682 (가� 범위 $18.495�$18.72)� 매입했다� 보고했습니다. � 매수� George Borba & Son Dairy, L.P.� 통해 이루어졌으며, � 파트너십� 지분은 718,688�� 증가했습니다.

신고서에� Borba� 광범위한 소유 현황� 상세� 나와 있습니다: 직접 보유 주식 54,825�, 미성� 자녀� 위한 수탁자로� 288�, 4,599,439�� 혼인 신탁, 그리� 2,277,000�� 자녀 보유 신탁으로, � 보고� 실질 소유 주식은 � 760� 주에 달합니다. Borba� 여전� 이사� 재직 중이� 10% 이상 소유자로� 분류되지 않습니다.

내부� 매수� 일반적으� 발행자의 가� 평가와 전망� 대� 신뢰� 반영� � 있기 때문� 긍정적인 거버넌스 신호� 여겨집니�. 그럼에도 불구하고 이번� 새로 취득� 주식은 Borba� 기존 보유량에 비해 작은 비중이므�, 정렬 � 시장 인식� 미치� 추가 영향은 미미합니�.

Le 4 août 2025, George A. Borba Jr, administrateur de CVB Financial Corp (CVBF), a déposé le Formulaire 4 rapportant un achat sur le marché libre de 53 567 actions ordinaires (code de transaction P) à un prix moyen pondéré de 18,6682 $ (fourchette de prix de 18,495 à 18,72 $). L'achat a été effectué par l'intermédiaire de George Borba & Son Dairy, L.P., portant la participation de ce partenariat à 718 688 actions.

Le dépôt détaille la propriété plus large de Borba : 54 825 actions détenues directement, 288 actions en tant que dépositaire pour enfants mineurs, 4 599 439 actions dans un trust matrimonial et 2 277 000 actions dans un trust pour enfants, portant l'exposition bénéficiaire totale déclarée à environ 7,6 millions d'actions. Borba reste administrateur et n'est pas signalé comme propriétaire à 10 % ou plus.

L'achat par un initié est généralement considéré comme un signal de gouvernance favorable, car il peut refléter la confiance dans l'évaluation et les perspectives de l'émetteur. Néanmoins, les actions nouvellement acquises représentent une petite fraction de la position existante de Borba, de sorte que l'impact supplémentaire sur l'alignement et la perception du marché est modeste.

Am 4. August 2025 reichte George A. Borba Jr, Direktor von CVB Financial Corp (CVBF), ein Formular 4 ein, in dem er einen Offenmarkt-Kauf von 53.567 Stammaktien (Transaktionscode P) zu einem gewichteten Durchschnittspreis von 18,6682 $ (Preisspanne 18,495�18,72 $) meldete. Der Kauf erfolgte über George Borba & Son Dairy, L.P., wodurch der Anteil dieser Partnerschaft auf 718.688 Aktien stieg.

Die Einreichung gibt detaillierte Informationen zu Borbas umfassender Beteiligung: 54.825 direkt gehaltene Aktien, 288 Aktien als Treuhänder für minderjährige Kinder, 4.599.439 Aktien in einem ehelichen Trust und 2.277.000 Aktien in einem Kinder-Trust, was die insgesamt gemeldete wirtschaftliche Beteiligung auf etwa 7,6 Millionen Aktien bringt. Borba bleibt Direktor und wird nicht als 10%-Eigentümer geführt.

Insider-Käufe werden typischerweise als positives Governance-Signal gewertet, da sie Vertrauen in die Bewertung und Zukunftsaussichten des Emittenten widerspiegeln können. Dennoch stellen die neu erworbenen Aktien nur einen kleinen Bruchteil von Borbas bestehender Position dar, sodass die zusätzliche Wirkung auf Ausrichtung und Marktwahrnehmung eher gering ist.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Borba George A Jr

(Last) (First) (Middle)
701 N HAVEN AVE

(Street)
ONTARIO CA 91764

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CVB FINANCIAL CORP [ CVBF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/04/2025 P 53,567 A $18.6682(1) 718,688(2) I Indirectly through Partnership
Common Stock 54,825 D
Common Stock 288(3) I As Custodian
Common Stock 4,599,439(4) I In Trust
Common Stock 2,277,000(5) I Trustee
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the weighted average purchase price. The shares were purchased at prices ranging from $18.495 to $18.72 per share. Full information regarding the number of shares purchased at each price shall be provided to the Staff, Issuer, or a security holder of Issuer, upon request.
2. Shares held by George Borba & Son Dairy, L.P., a California limited partnership, of which Reporting Person is a general partner.
3. Shares held by Reporting Person as custodian for his minor children, of which he disclaims beneficial ownership except to the extent of his pecuniary interest, if any therein.
4. Shares held by The Marital Trust under The George Borba Family Trust, of which Reporting Person is a co-trustee and disclaims beneficial ownership thereof, except to the extent of his pecuniary interest, if any, therein.
5. Shares held by the Borba Childrens Holding Trust, of which Reporting Person is a co-trustee and disclaims beneficial ownership thereof except to the extent of his pecuniary interest, if any, therein.
/s/ George A. Borba Jr 08/04/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many CVBF shares did Director George A. Borba Jr buy on 08/04/2025?

He bought 53,567 common shares in an open-market transaction.

What was the purchase price for the insider transaction reported in the CVBF Form 4?

The weighted-average price was $18.6682, with prices ranging from $18.495 to $18.72.

How many CVBF shares does Borba now hold through George Borba & Son Dairy, L.P.?

Post-transaction, the partnership owns 718,688 shares.

What is George A. Borba Jr’s total reported beneficial ownership in CVBF?

Including trusts and direct holdings, the Form 4 discloses exposure to approximately 7.6 million shares.

Does the Form 4 indicate any insider selling of CVBF shares?

No. The filing lists only a purchase (Code P); no sales were reported.
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