FNB (FNB) CFO awarded 20,628 time-based restricted stock units vesting to 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Calabrese Vincent J reported acquisition or exercise transactions in this Form 4 filing.
FNB Corporation Chief Financial Officer Vincent J. Calabrese reported an equity award of company stock. He received a grant of 20,628 shares of common stock at a reference price of $18.18 per share as a time-based restricted stock unit award.
The footnote explains that these restricted stock units will vest in three installments on March 18, 2027, January 18, 2028, and January 18, 2029. Following this grant, his directly held common stock position is 814,736.297 shares, and he also has 84,005.259 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Calabrese Vincent J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,628 | $18.18 | $375K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 814,736.297 shares (Direct);
Common Stock — 84,005.259 shares (Indirect, By 401K Plan)
Footnotes (1)
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FAQ
What did FNB (FNB) CFO Vincent J. Calabrese report on this Form 4?
Vincent J. Calabrese reported receiving an equity award of FNB common stock. The filing shows a grant of 20,628 time-based restricted stock units tied to a reference price of $18.18 per share, increasing his reported direct holdings in the company.
How do the new restricted stock units for FNB (FNB) CFO vest over time?
The time-based restricted stock units vest in three stages over several years. According to the footnote, portions of the 20,628-unit award will vest on March 18, 2027, January 18, 2028, and January 18, 2029, subject to the award’s vesting conditions.
Is the FNB (FNB) CFO’s transaction a market purchase or an equity award?
The transaction is an equity award, not a market purchase. It is coded as a grant or award acquisition of non-derivative common stock, representing time-based restricted stock units rather than an open-market buy or sell transaction of existing shares.