Executive at FNB (NYSE: FNB) receives 11,860-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FNB CORP/PA/ Chief Credit Officer Gary L. Guerrieri reported an equity award of company stock. He acquired 11,860 shares of common stock as a grant or award at a price of $18.18 per share, increasing his directly held stake to 289,337.933 shares.
The award is in the form of time-based restricted stock units that vest over time. According to the disclosure, portions of these restricted stock units will vest on March 18, 2027, January 18, 2028, and January 18, 2029, aligning the executive’s compensation with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GUERRIERI GARY L
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,860 | $18.18 | $216K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 289,337.933 shares (Direct);
Common Stock — 925.813 shares (Indirect, As custodian for child)
Footnotes (1)
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FAQ
What did FNB (FNB) executive Gary L. Guerrieri report in this Form 4?
Gary L. Guerrieri, Chief Credit Officer of FNB, reported receiving 11,860 shares of common stock as a grant at $18.18 per share. This equity award increased his directly held position to 289,337.933 shares, reflecting part of his stock-based compensation package.
Is the FNB (FNB) Form 4 transaction a stock purchase or an award?
The Form 4 shows an equity award, not an open-market stock purchase. Guerrieri acquired 11,860 FNB common shares through a grant categorized as a grant, award, or other acquisition, consistent with time-based restricted stock unit compensation rather than a discretionary share purchase.
How do the restricted stock units reported by FNB’s Chief Credit Officer vest?
The award consists of time-based restricted stock units that vest in three stages. Portions of the units will vest on March 18, 2027, January 18, 2028, and January 18, 2029, tying the executive’s compensation to multi-year service and performance with FNB.
What indirect holdings are disclosed for FNB (FNB) executive Gary L. Guerrieri?
The Form 4 notes indirect ownership of 925.813 FNB common shares as custodian for a child and 90,137.068 shares through a 401(k) plan. These are separate from his 289,337.933 directly held shares and reflect beneficial interests via custodial and retirement plan accounts.