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Christopher D. Myers was appointed as President and CEO of CVB Financial Corp in August 2006, having previously led Mellon First Business Bank. His experience in banking began in the late 1990s, where he climbed the ranks at Mellon First,...

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Christopher D. Myers

Ex-CEO of CVB Financial

Sector of Economy

Financial Services

CEO of CVB Financial for

13 years 2 months (Dec 2006 - Mar 2020)

Previous Experience

Unknown

Holdings

See how much did Christopher D. Myers make over time.

At some point, Myers held a substantial portion of common stock in CVB Financial Corp. His holdings peaked significantly during his leadership years but experienced fluctuations as company performance varied. For instance, in 2014, he navigated his wealth management effectively,...

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Total Stock Sold

$17.06M

CVBF

$17.06M

900,943 CVBF shares

What if they kept their stock?

If Christopher D. Myers didn't sell their stock, today they would have:
Extra CVBF900,943 shares worth $17.71M.
This is 3.8% and $648.75K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Christopher D. Myers.

CVBF

$349.09K

CVBF at $21.16/share

Oct 28, 2019

Sale

CVBF

$349.09K

CVBF at $21.16/share

Oct 28, 2019

Sale

CVBF

$101.37K

CVBF at $22.04/share

Jul 31, 2019

Sale

CVBF

195,000 shares

CVBF

Jul 17, 2019

Received

CVBF

$1.10M

CVBF at $22.05/share

May 6, 2019

Sale

CVBF

$289.04K

CVBF at $21.70/share

May 3, 2019

Sale

CVBF

$351.33K

CVBF at $21.96/share

May 3, 2019

Sale

CVBF

$107.57K

CVBF at $21.70/share

May 2, 2019

Sale

CVBF

$1.15M

CVBF at $21.71/share

May 1, 2019

Sale

CVBF

$968.26K

CVBF at $21.70/share

Apr 30, 2019

Sale

Compensation History

See how much did Christopher D. Myers make over time.

During his time as CEO, Christopher D. Myers received a total compensation package that varied yearly. In 2006, his total compensation was about $834,250, with a base salary of $200,000 and a bonus of $500,000. His bonuses were tied to performance metrics like return on equity. By 2014, his compensation rose to over $7 million, boosted by a significant stock option grant and bonus system that aligned with the bank's financial goals. This structured approach helped retain his executive expertise and motivated him to perform since his bonus could reach as high as 150% of his salary. His agreements often included stock awards that vested over time, encouraging him to stay committed to CVB's growth. This pay structure reflects an effort to balance the interests of the shareholders with incentivizing executive performance, showing a clear commitment to achieving results.

Year

2006

Total Compensation

$811.86K

Salary

$200.00K

Board Justification

The compensation program is designed to attract and retain talented and experienced executives, providing a base salary that is competitive in the industry and aligning the interests of executives with those of shareholders.

Bonus

$500.00K

Board Justification

Mr. Myers received a $350,000 bonus outside the terms of the Performance Compensation Plan in accordance with his employment contract along with a $150,000 signing bonus.

Other

$52.20K

Board Justification

Other compensation includes $48,593 for country club membership and dues, $1,984 for health benefits, and $1,618 for the personal use of a company car.

Restricted Stock

$59.67K(55K common stock)

Board Justification

Mr. Myers was granted a restricted stock award of 55,000 shares of CVB Financial Corp.’s common stock, vesting at the rate of 20% per year over the next five years.

Performance Metrics

Bonus compensation was based on a minimum return on CVB Financial Corp.’s equity of 15%. If the minimum return on equity was not achieved, no bonuses would have been paid under the Performance Compensation Plan.

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