Company: CVBF
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0000950170-25-051966
Chunk: 85

Company: CVB FINANCIAL CORP
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 85
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. This percentage is then multiplied by the executive’s base salary to calculate the applicable NEO’s plan-based discretionary bonus. As previously noted, the cash bonus awards provided to each of our NEOs under this component are reflected in column (d) of the Summary Compensation Table below.

The President and CEO evaluates the individual job performance of the NEOs (other than himself) and makes recommendations regarding their achievement levels to the Compensation Committee, which determines the amount of each NEO’s plan-based discretionary bonus. The Compensation Committee evaluates the President and CEO’s individual job performance and determines his plan-based discretionary bonus award.

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Plan-based Discretionary Bonus Percentages and Amounts.The following table sets forth the respective percentages and dollar amounts of the plan-based discretionary bonus awards provided for each of our NEOs, as determined with reference to the individualized criteria enumerated under each NEO’s individual PCP, with the Committee’s assessment of each NEO’s subjective performance summarized below. The cash awards provided to each of our NEOs under this plan-based discretionary component of compensation are included in column (d) of our Summary Compensation Table below.

| NEO                 |     | Maximum 2024                                                        
 Plan-based Discretionary Bonus Opportunity (percent of base salary) |     | 2024 Plan-based Discretionary Bonus Percent Awarded |     |                         Dollar Value 
                              of 2024 
 Plan-based Discretionary Bonus Award |
| David A. Brager     |     | 30%                                                                 |     | 26%                                                 |     |                             $237,900 |
| E. Allen Nicholson  |     | 20%                                                                 |     | 20%                                                 |     |                             $107,200 |
| David F. Farnsworth |     | 20%                                                                 |     | 20%                                                 |     |                              $82,400 |
| David C. Harvey     |     | 20%                                                                 |     | 20%                                                 |     |                             $109,200 |
| Richard H. Wohl     |     | 20%                                                                 |     | 20%                                                 |     |                              $72,200 |

Mr. Brager’s Annual Bonus.Mr. Brager’s incentive compensation and bonus compensation for 2024 consisted of our traditional two components of a metrics-based incentive award and a plan-based discretionary award, pursuant to the financial metrics and subjective criteria respectively set forth in his CEO Plan.

Mr. Brager’s 2024 CEO Employment Agreement provides that the target amount of incentive and bonus compensation for