FNB (FNB) director Strimbu receives 4,748-share stock award and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FNB Corp. director William J. Strimbu reported updated holdings in company common stock. He received a grant or award acquisition of 4,748 shares at $17.90 per share, bringing his direct ownership to 161,381.184 shares. He also reports indirect ownership of 400 shares as custodian for children. A footnote explains that the total direct holdings figure includes shares acquired through the company’s dividend reinvestment plan and dividend equivalent units accrued on restricted stock units since his last filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
STRIMBU WILLIAM J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,748 | $17.90 | $85K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 161,381.184 shares (Direct, null);
Common Stock — 400 shares (Indirect, Custodian for Children)
Footnotes (1)
- [object Object]
Key Figures
Stock award shares: 4,748 shares
Award price: $17.90 per share
Direct holdings after award: 161,381.184 shares
+1 more
4 metrics
Stock award shares
4,748 shares
Grant or award acquisition of common stock
Award price
$17.90 per share
Price for granted common stock
Direct holdings after award
161,381.184 shares
Total directly owned FNB common stock after transaction
Indirect holdings
400 shares
Held as custodian for children
Key Terms
dividend reinvestment plan, dividend equivalent units, restricted stock units, grant, award, or other acquisition, +1 more
5 terms
dividend reinvestment plan financial
"includes shares acquired under the Company's dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
dividend equivalent units financial
"and dividend equivalent units accrued on restricted stock units"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
restricted stock units financial
"dividend equivalent units accrued on restricted stock units since the last filing"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
indirect ownership financial
""ownership_type": "indirect", "nature_of_ownership": "Custodian for Children""
FAQ
What did FNB (FNB) director William J. Strimbu report in this Form 4?
William J. Strimbu reported an updated ownership position in FNB common stock. The filing shows a new grant or award acquisition plus previously accumulated shares, providing an updated snapshot of his direct and indirect holdings in the company.
What are William J. Strimbu’s total direct FNB (FNB) holdings after this Form 4?
After the reported grant or award, his direct ownership stands at 161,381.184 shares of FNB common stock. This total also reflects shares accumulated through the dividend reinvestment plan and dividend equivalent units on restricted stock units since his prior filing.
What does the dividend reinvestment plan note mean in the FNB (FNB) Form 4?
A footnote explains that the total direct holdings also include shares acquired under FNB’s dividend reinvestment plan and dividend equivalent units on restricted stock units. These amounts accumulated since his last filing are now reflected in the reported total.