FSFG (FSFG) CFO reports tax share withholding and accelerated vesting
Rhea-AI Filing Summary
First Savings Financial Group (FSFG) Chief Financial Officer Anthony A. Schoen reported an automatic share withholding tied to equity vesting on January 20, 2026. The Form 4 shows 3,762 shares of common stock were disposed of at $31.85 per share under transaction code F, which typically reflects shares withheld to satisfy tax obligations on vesting. After this event, Schoen directly beneficially owns 118,101 common shares, with additional indirect holdings through a 401(k) plan and an ESOP. Footnotes explain that multiple tranches of restricted stock and stock options, many vesting 20% per year, had their vesting accelerated to the transaction date pursuant to the Agreement and Plan of Merger between the issuer and First Merchants Corporation.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,762 | $31.85 | $120K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2022. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on April 14, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended. Stock options are fully vested. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2022. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
FAQ
What insider transaction did FSFGs CFO report on January 20, 2026?
The Chief Financial Officer, Anthony A. Schoen, reported a transaction coded F on January 20, 2026 involving 3,762 shares of First Savings Financial Group common stock at $31.85 per share, reflecting shares withheld in connection with equity vesting.
What does transaction code F mean in the FSFG Form 4 filing?
The filing uses transaction code F, which indicates shares were disposed of to cover obligations in connection with equity awards, such as tax withholding on the vesting of restricted stock or similar awards.
What does the FSFG Form 4 say about accelerated vesting due to a merger?
Footnotes state that certain restricted stock and stock options, originally scheduled to vest 20% per year starting on various dates, had their vesting accelerated to the transaction date pursuant to the Agreement and Plan of Merger between First Savings Financial Group and First Merchants Corporation.