FNB Corp (FNB) director receives 4,748-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dively Mary Jo reported acquisition or exercise transactions in this Form 4 filing.
FNB Corp director Mary Jo Dively received a grant of 4,748 shares of common stock at $17.90 per share, increasing her direct holdings to 91,206.176 shares. The transaction is classified as a grant or award, not an open-market purchase. A footnote explains that the total share figure also reflects shares accumulated through the company’s dividend reinvestment plan and dividend equivalent units on restricted stock units since her prior filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dively Mary Jo
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,748 | $17.90 | $85K |
Holdings After Transaction:
Common Stock — 91,206.176 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock grant size: 4,748 shares
Grant reference price: $17.90 per share
Post-transaction holdings: 91,206.176 shares
3 metrics
Stock grant size
4,748 shares
Common stock award to director Mary Jo Dively
Grant reference price
$17.90 per share
Value used for the 4,748-share award
Post-transaction holdings
91,206.176 shares
Total common shares directly held after the grant
Key Terms
dividend reinvestment plan, dividend equivalent units, restricted stock units, Grant, award, or other acquisition, +1 more
5 terms
dividend reinvestment plan financial
"also 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""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did FNB (FNB) director Mary Jo Dively report?
Director Mary Jo Dively reported receiving 4,748 shares of FNB common stock as a grant or award. The shares were valued at $17.90 each and classified as an acquisition, not an open-market purchase, under a Form 4 insider transaction report filed for this event.
Was the FNB (FNB) insider transaction an open-market buy or a compensation grant?
The transaction was a compensation-related grant, not an open-market buy. It is coded as “A” for grant, award, or other acquisition, with 4,748 FNB common shares received at $17.90 per share as part of director compensation rather than a voluntary market purchase.
What does the $17.90 price represent in Mary Jo Dively’s FNB Form 4 filing?
The $17.90 figure represents the price per share used for the 4,748-share common stock grant to Mary Jo Dively. This value reflects the reference price assigned to the award for reporting purposes, rather than a price paid in an open-market transaction by the director.
What does the footnote in the FNB (FNB) Form 4 filing explain about Dively’s holdings?
The footnote explains that the 91,206.176 total shares reported after the transaction also include shares acquired under FNB’s dividend reinvestment plan and dividend equivalent units on restricted stock units. These accruals have accumulated since Mary Jo Dively’s last insider filing.
Does the FNB (FNB) Form 4 show any stock sales by Mary Jo Dively?
The Form 4 does not show any stock sales by Mary Jo Dively. It reports only a single acquisition transaction coded as a grant or award, covering 4,748 FNB common shares, and updates her direct ownership total to 91,206.176 shares following this award.