---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-251450"
form_type: "8-K"
ticker: "CVBF"
cik: "0000354647"
company_name: "CVB FINANCIAL CORP"
filed_at: "2026-06-01T20:15:15+00:00"
generated_at: "2026-06-01T20:27:41.804865+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-251450
- form_type: 8-K
- ticker: CVBF
- cik: 0000354647
- company_name: CVB FINANCIAL CORP
- filed_at: 2026-06-01T20:15:15+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354647/000119312526251450/0001193125-26-251450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354647/000119312526251450/cvbf-20260601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-251450
- JSON: https://secwatch.observer/filing/0001193125-26-251450.json
- Plain text: https://secwatch.observer/filing/0001193125-26-251450.txt

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