CVB Financial extends CEO David Brager's contract to June 2027 with $915K base salary

CVB FINANCIAL CORP

Base salary set at $915,000/year; target bonus 120% of base, max 180%, under 2023 Executive Incentive Plan.
Annual equity grant target raised to 180% of base salary (minimum 150%), subject to Compensation Committee discretion.
Term extended to June 30, 2027 (from prior June 2025 expiration); renews automatically unless 6-month notice given.
Severance on without-cause termination: 2x base salary plus 2x average prior 2-year bonus, paid over 18 months subject to release.
On change-in-control termination within 180 days before or 12 months after: same severance plus 24 months of medical/dental; unvested equity vests immediately.

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