First Financial Bancorp (FFBC) CEO updates Form 4 with larger share grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Brown Archie M reported acquisition or exercise transactions in this Form 4 filing.
First Financial Bancorp President & CEO Archie M. Brown filed an amended insider report to correct the size of a recent stock award. The filing states that the grant is 54,138 shares of common stock, rather than 20,668 shares previously reported.
According to the disclosure, this total includes 27,069 restricted performance shares that will vest after three years if specified performance measures are achieved. Brown also reports additional indirect ownership through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brown Archie M
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,668 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 270,030 shares (Direct);
Common Stock — 50,594.354 shares (Indirect, By 401k)
Footnotes (1)
- Amount of shares granted was incorrectly listed as 20,668. The correct amount is 54,138, which includes 27,069 restricted performance shares subject to vesting at three years upon the attainment of certain performance measures. Balance adjusted to reflect accurate number of shares granted.
FAQ
What did FFBC CEO Archie M. Brown report in this amended Form 4?
Archie M. Brown reported a corrected stock award of 54,138 common shares. The amendment replaces a previously disclosed 20,668-share figure and clarifies his equity compensation, including performance-based restricted shares tied to three-year performance goals.
What portion of Archie M. Brown’s FFBC award is performance-based?
The filing specifies that 27,069 shares are restricted performance shares. These shares vest only after three years and are contingent on meeting certain performance measures, aligning part of the CEO’s compensation with longer-term company results.