Company: CVBF
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0000950170-25-051966
Chunk: 95

Company: CVB FINANCIAL CORP
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 95
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 our common stock. With respect to PRSUs, dividend equivalents are paid retroactively for periods prior to vesting once the number of shares to be awarded has been finally determined under the applicable performance metrics.

Equity IncentiveGrants to our President and CEO for 2024.As noted above in the section of this proxy statement on “Compensation Arrangements with our President and Chief Executive Officer,” Mr. Brager received an equity award of 32,600 Time RSUs and 32,600 PRSUs (target number of shares), on January 24, 2024, as his aggregate equity grant for the Company’s 2024 fiscal year. Mr. Brager's equity grant for 2024 was made pursuant to the terms of his 2022 CEO Employment Agreement, since the grant was made on January 24, 2024, whereas Mr. Brager's 2024 CEO Employment Agreement did not come into effect until July 1, 2024. Accordingly, pursuant to his 2022 Employment Agreement, Mr. Brager was targeted to receive an annual grant with a dollar value of shares equal to 150% of his annualized base salary for the immediately preceding year. The Committee’s grant to Mr. Brager for a total of 65,200 shares of PRSUs (at target number of shares) and Time RSUs for 2024 equated to a dollar value of approximately $1,237,500, at the closing price for the Company’s shares of $18.98 on the grant date of January 24, 2024, as compared to Mr. Brager's base salary for the immediately preceding year of $825,000. The

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specific criteria and performance measurement period applicable to Mr. Brager’s grant of PRSUs for 2024 are summarized below in the section of this proxy statement on “PRSU Performance Criteria and Measurement Period.” The Time RSUs granted to Mr. Brager for 2024 are set to vest in equal annual increments over a three-year period on the respective anniversary dates of the grant date.

Equity Incentive Grantsto our Other NEOs for 2024.Messrs. Nicholson, Harvey, Farnsworth and Wohl each received equity grants of restricted stock units on January 24, 2024 for the Company’s 2024 fiscal year. For Mr. Nicholson and Mr. Harvey, the restricted stock units are for 27,398 shares, divided equally between PR