CVB Financial renews CEO David Brager contract through June 2029 with enhanced terms

CVB FINANCIAL CORP

Third Amended Employment Agreement extends term to June 30, 2029, two years ahead of prior expiration.
Base salary of $966,000 remains unchanged; target bonus 120% of base (max 180%) under Executive Performance Compensation Plan.
Expected annual equity grant target 180% of base salary (minimum 150%), in RSUs, PRSUs, or options.
Severance for without-cause/good-reason termination: 2x base plus 2x avg bonus, paid over 18 months.
Change-in-control severance: 2.5x base plus 2.5x avg bonus plus 24 months COBRA, payable over 18 months; full vesting of equity.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.