FFBC insider logs tax-withholding share disposition
First Financial Bancorp (FFBC) executive James R. Shank, the Chief Internal Auditor, recorded two Form 4 transactions involving company common stock.
Rhea-AI Filing Summary
First Financial Bancorp (FFBC) executive James R. Shank, the Chief Internal Auditor, recorded two Form 4 transactions involving company common stock. He disposed of 692 shares and 574 shares to cover tax obligations through share withholding, rather than through open-market sales, as part of equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,266 shares
Exercise Price or Tax Liability
2 txns
Insider
Shank James R
Role
Chief Internal Auditor
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 692 | $27.25 | $19K |
| Exercise Price or Tax Liability | Common Stock | 574 | $27.25 | $16K |
Holdings After Transaction:
Common Stock — 14,560 shares (Direct)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FFBC insider James R. Shank report on this Form 4?
James R. Shank, Chief Internal Auditor of First Financial Bancorp (FFBC), reported two dispositions of common stock. These were tax-withholding transactions tied to equity compensation, not open-market sales, and were executed to satisfy tax obligations on share-based awards.
Does this FFBC Form 4 indicate open-market selling by the insider?
No, the Form 4 indicates tax-withholding dispositions, not open-market selling. The transactions are coded “F,” which means shares were withheld by the issuer to cover tax liabilities arising from equity compensation, rather than being sold on the open market.
What role does James R. Shank hold at First Financial Bancorp (FFBC)?
James R. Shank is identified as Chief Internal Auditor at First Financial Bancorp (FFBC). As an officer, his equity-related transactions in company stock, including tax-withholding dispositions, must be reported on Form 4 to provide transparency to investors and regulators.
AI-generated analysis. How Rhea-AI works. Not financial advice.