Fubotv earnings beat by $0.10, revenue topped estimates
Robert Bartlein, a director at Community West Bancshares (NASDAQ:CWBC), recently acquired 1,000 shares of the company’s common stock, according to a recent SEC filing. The shares were purchased at a price of $18.80 each, totaling $18,800. The purchase price sits between analyst targets ranging from $22 to $26, though InvestingPro analysis suggests the stock may be trading above its Fair Value. Following this transaction, Bartlein’s direct ownership stands at 434,876 shares. This acquisition underscores Bartlein’s continued investment in the state commercial bank, which is based in California. The $360 million market cap institution has maintained dividend payments for 14 consecutive years, currently offering a 2.54% yield. InvestingPro subscribers can access 6 additional key insights about CWBC’s financial health and growth prospects.
In other recent news, Community West Bancshares has revamped employment agreements for six of its executive officers, as disclosed in a recent SEC filing. These new agreements, effective January 30, 2025, replace previous contracts and include revised compensation structures such as base salaries and potential incentive bonuses. CEO James J. Kim will receive a base salary of $625,000, with an incentive bonus target of 60%. Meanwhile, CFO Shannon R. Livingston and COO Blaine C. Lauhon will earn base salaries of $350,000 and $310,000, respectively, with bonus targets of 50% and 45%. The agreements also feature benefits like company cars, paid vacation, and restricted stock shares, along with provisions for severance payments in case of termination without cause. Additionally, a Salary Continuation Agreement was established for CFO Livingston, providing her with annual payments for 15 years post-separation after age 62, and a Split Dollar Life Insurance (NSE:LIFI) Agreement detailing the division of death benefits. An amendment to CEO Kim’s Executive Salary Continuation Agreement was also made, altering early termination benefits. The company announced the resignation of Chief Credit Officer Patrick A. Luis, effective February 28, 2025, which is not due to any disagreements with the company’s operations or policies.
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