FNB (FNB) CEO gets major stock award, with shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FNB CORP/PA/ Chairman, President & CEO Vincent J. Delie Jr. reported a stock-based compensation event. He received an award of 227,919 shares of Common Stock at $16.11 per share, earned for a 2023–2025 performance-based restricted stock unit award.
To cover tax obligations on vesting, 99,123 shares and 13,569 shares were withheld, tied to performance-based and time-based restricted stock unit awards. After these transactions, he directly held 2,109,582.291 shares, with an additional 97,067.614 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
DELIE VINCENT J JR
Role
Chairman, President, & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 227,919 | $16.11 | $3.67M |
| Tax Withholding | Common Stock | 99,123 | $16.11 | $1.60M |
| Tax Withholding | Common Stock | 13,569 | $16.11 | $219K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,222,274.291 shares (Direct);
Common Stock — 97,067.614 shares (Indirect, By 401K Plan)
Footnotes (1)
- Shares earned for the 2023-2025 performance-based restricted stock unit award. The total reported in Column 5 also includes shares acquired under the Company's dividend reinvestment plan and dividend equivalent units accrued on restricted stock units since the last filing by the reporting person. Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a performance-based restricted stock unit award. Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a time-based restricted stock unit award.
FAQ
What did FNB (FNB) CEO Vincent J. Delie Jr. report in this Form 4?
Vincent J. Delie Jr. reported a grant of 227,919 FNB common shares as compensation for a 2023–2025 performance-based restricted stock unit award, along with related tax-withholding share dispositions tied to the vesting of performance-based and time-based restricted stock units.
Were the Form 4 transactions for FNB open-market buys or sells?
No. The Form 4 reports a grant of 227,919 shares as stock-based compensation and F-code entries where shares were withheld to cover tax obligations at vesting. These are compensation and tax events, not open-market buying or selling of FNB shares.
What period does the FNB performance-based stock award in this Form 4 cover?
The grant of 227,919 FNB shares relates to a performance-based restricted stock unit award for the 2023–2025 period. The footnote explains these shares were earned based on that multi-year performance cycle, then delivered and partially withheld for taxes.