David A. Brager has been the CEO of CVB Financial Corp. since March 2020 and took on the role of President in November 2021. With a solid background in finance and a career built primarily at Citizens Business Bank, Brager...

Number of Employees

1.11K

Year

2021

Total Compensation

$2.20M

Salary

$720.00K

Board Justification

The compensation program is designed to attract and retain highly qualified managers and associates, aligning executive interests with those of shareholders through performance-based incentives.

Bonus

$990.00K

Board Justification

The bonus is based on the achievement of specified performance levels on five enumerated factors, four of which are tied to objective financial metrics and one of which is tied to a defined set of subjective and qualitative individual performance measures.

Other

$66.59K

Board Justification

Other compensation includes contributions to the 401(k)/Profit Sharing Plan, auto allowance, insurance, and country club dues.

Restricted Stock

$424.80K(20.08K RSU)

Board Justification

The stock that vested in 2021 is based on the performance-based restricted stock units (PRSUs) and time-based restricted stock units (RSUs) granted on January 27, 2021, with the performance metrics measured over a three-year period.

Performance Metrics

The performance metrics include net profit after tax, average demand deposits, average total loans, noninterest income, noninterest (operating) expenses, delinquencies, and nonperforming loans.

SEC Filing

From April 4, 2022