FNB (FNB) CEO receives 83,499-share restricted stock grant vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FNB CORP/PA/ Chairman, President & CEO Vincent J. Delie Jr. received an equity award of 83,499 shares of Common Stock as a grant or other acquisition at $18.18 per share. Following this award, his directly held Common Stock position increased to 1,979,527.904 shares.
The award consists of time-based restricted stock units that will vest in three installments on March 18, 2027, January 18, 2028, and January 18, 2029. In addition to his direct holdings, he also has 93,780.586 shares of Common Stock held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DELIE VINCENT J JR
Role
Chairman, President, & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83,499 | $18.18 | $1.52M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,979,527.904 shares (Direct);
Common Stock — 93,780.586 shares (Indirect, By 401K Plan)
Footnotes (1)
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FAQ
What insider transaction did FNB (FNB) report for Vincent J. Delie Jr.?
FNB reported that Chairman, President & CEO Vincent J. Delie Jr. received an equity award of 83,499 shares of Common Stock. The transaction is classified as a grant or other acquisition, not an open-market purchase, and increases his directly held share position.
What is the vesting schedule for the FNB (FNB) restricted stock units granted to the CEO?
The time-based restricted stock units granted to the CEO vest in three tranches. Vesting occurs on March 18, 2027, January 18, 2028, and January 18, 2029, spreading the award over several years and tying full ownership to continued service over that period.
Was the FNB (FNB) CEO’s Form 4 transaction an open-market stock purchase?
No. The Form 4 describes the transaction as a grant, award, or other acquisition of 83,499 shares, not an open-market purchase. The award consists of time-based restricted stock units that vest over three future dates rather than being bought on the open market.