---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-173453"
form_type: "8-K"
ticker: "CVBF"
cik: "0000354647"
company_name: "CVB FINANCIAL CORP"
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-06-01T00:16:21.224894+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-173453
- form_type: 8-K
- ticker: CVBF
- cik: 0000354647
- company_name: CVB FINANCIAL CORP
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354647/000119312524173453/0001193125-24-173453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354647/000119312524173453/d836579d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-173453
- JSON: https://secwatch.observer/filing/0001193125-24-173453.json
- Plain text: https://secwatch.observer/filing/0001193125-24-173453.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.