FNB CEO awarded 227,919 shares in Form 4
FNB CORP/PA/ Chairman, President & CEO Vincent J. Delie Jr. reported a stock-based compensation event.
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 |
| Exercise Price or Tax Liability | Common Stock | 99,123 | $16.11 | $1.60M |
| Exercise Price or Tax Liability | Common Stock | 13,569 | $16.11 | $219K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,109,582.291 shares (Direct);
Common Stock — 97,067.614 shares (Indirect, By 401K Plan)
Footnotes (4)
- F1. Shares earned for the 2023-2025 performance-based restricted stock unit award.
- F2. 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.
- F3. Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a performance-based restricted stock unit award.
- F4. 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.
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