CVB FINANCIAL CORP
For the period ended Mar 31, 2026. Filed May 8, 2026.
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Mar 31, 2026 · Filed May 8, 2026
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UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On November 20, 2024, our Board of Directors approved a program to repurchase up to 10,000,000 shares (the "Maximum Amount") of CVB common stock Repurchases may be made through one or more Rule 10b5-1 plans or other appropriate buy-back arrangements, including open market purchases and private transactions, at times and at prices considered appropriate by the Company, subject to prevailing market conditions and other corporate and legal considerations ("2024 Repurchase Program"). The 2024 Repurchase Program replaced in its entirety the Company's previous 2022 share repurchase program, which had 4,300,059 shares that remained available for repurchase at the time of termination. The 2024 Repurchase Program will terminate on the earlier of the repurchase of the Maximum Amount or five years from the date of authorization. During the first quarter of 2026, the Company did not repurchase any shares pursuant to the 2024 Repurchase Program. As of March 31, 2026, an aggregate of 5,678,223 shares remained available for repurchase under our 2024 Repurchase Program.
Additionally, during the first quarter of 2026, 157,632 shares were repurchased through net settlement by employees in satisfaction of income tax withholding obligations incurred upon the vesting of Company stock awards. These shares were not repurchased under the 2024 Repurchase Program.
| Period | Total Number of Shares Purchased (1) | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Average Price Paid Per Share | Maximum Number of Shares Available for Repurchase Under the Plans or Programs |
|---|---|---|---|---|---|
| January 1 - 31, 2026 | 104,657 | $19.65 | — | $— | 5,678,223 |
| February 1 - 28, 2026 | 18,345 | $20.48 | — | $— | 5,678,223 |
| March 1 - 31, 2026 | 34,630 | $18.72 | — | $— | 5,678,223 |
| Total | 157,632 | $19.54 | — | $— |
(1)
Shares repurchased pursuant to net settlement by employees in satisfaction of income tax withholding obligations incurred through the vesting of Company stock awards.
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