CVB Financial renews CEO Brager employment pact, sets $966,000 base salary through June 2029

CVB Financial

CVB Financial

CVBF

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  • CVB Financial entered a third amended, restated employment agreement with CEO David A. Brager, extending his term through June 30, 2029.
  • Base salary set at USD 966,000; annual bonus target set at 120% of salary with a maximum of 180%.
  • Annual equity awards expected to target 180% of salary value, with a minimum of 150%.
  • Termination without cause or for good reason triggers severance of 2x salary and 2x average bonus, paid over 18 months.
  • Change-in-control termination terms rise to 2.5x salary and 2.5x average bonus, with 24 months medical and dental cost equivalent; equity accelerates on change in control.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CVB Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-251450), on June 01, 2026, and is solely responsible for the information contained therein.

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