Company: CVBF
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0000950170-25-051966
Chunk: 27

Company: CVB FINANCIAL CORP
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 27
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 purpose of computing percentages of shares beneficially owned by the other shareholders in this table. Furthermore, any annual grants of restricted shares awarded to Mr. Borba in his capacity as one of CVB Financial Corp.’s outside directors, even if unvested as of the date of this proxy statement, are deemed outstanding both for the purposes of computing the percentage of common stock beneficially owned by the Borba Family Group and for the purpose of computing total CVB Financial Corp. shares outstanding, because grantees of unvested restricted shares have the right to vote such shares and to receive dividends on such shares prior to vesting, pursuant to CVB Financial Corp.’s 2018 Equity Incentive Plan.

This information is based on a Schedule 13G filed by State Street Corporation on January 24, 2024. This Schedule 13G states that State Street Corporation has sole voting power over zero shares, shared voting power over 806,522 shares, sole dispositive power over zero shares, and shared dispositive power over all 7,191,721 shares. According to its Schedule 13G, State Street Corporation holds the shares in the ordinary course of business.

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How Much Stock Do CVB Financial Corp.’s Directors and Executive Officers Own?

The following table shows the beneficial ownership of CVB Financial Corp.’s common stock as of the record date for our annual meeting, which is March 28, 2025, by (i) each of our directors, all eight of whom are also nominees for director, (ii) those persons serving as our named executive officers as of December 31, 2024 and (iii) by all directors and current executive officers as a group.

|                                                             |     | Common Stock Beneficially Owned |     |                     |
| Name                                                        |     |             Number of Shares(1) |     | Percent of Class(2) |
| George A. Borba, Jr.(3)                                     
 Vice-Chairman of the Board and Nominee                      |     |                       7,592,211 |     | 5.5%                |
| David A. Brager                                             
 President and Chief Executive Officer, Director and Nominee |     |                         206,367 |     | 0.1%                |
| Stephen A. Del Guercio                                      
 Director and Nominee                                        |     |                          42,842 |     | *                   |
| Anna Kan(4)                                                 
 Director and Nominee                                        |