Management ChangeMay 26, 2026, 05:36 PM
CVB Financial EVP & General Counsel Richard Wohl to Retire; Awards Accelerated
AI Summary
CVB Financial Corp. announced that Richard Wohl, Executive Vice President and General Counsel, will retire from his role effective June 5, 2026. In recognition of his service since October 2011, the Compensation Committee approved the early acceleration of vesting for his equity awards. These awards, totaling 17,904 shares of restricted stock, have an estimated value of approximately $364,346.
Key Highlights
- Richard Wohl will retire as Executive Vice President and General Counsel effective June 5, 2026.
- Mr. Wohl served as General Counsel since October 2011.
- The Compensation Committee approved early acceleration of vesting for his equity awards.
- Awards include 3,074, 5,816, and 9,014 shares of restricted stock.
- The accelerated awards have an approximate total value of $364,346.
- Value is based on CVB Financial's stock closing price of $20.35 on May 22, 2026.
Price Impact
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