FNB Corp (NYSE: FNB) CLO receives stock grant and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FNB Corp’s Chief Legal Officer, James Orie, reported equity compensation activity involving common stock. He received a grant or award of 23,615 shares at $16.11 per share, earned from a 2023–2025 performance-based restricted stock unit award.
To cover tax obligations on vesting of performance-based and time-based restricted stock units, 10,271 shares and 1,431 shares were withheld, respectively. After these routine compensation and tax-withholding entries, he holds 148,208.342 shares directly and 65,106.56 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
ORIE JAMES
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,615 | $16.11 | $380K |
| Tax Withholding | Common Stock | 10,271 | $16.11 | $165K |
| Tax Withholding | Common Stock | 1,431 | $16.11 | $23K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 159,910.342 shares (Direct);
Common Stock — 65,106.56 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 insider transactions did FNB (FNB) report for James Orie on this Form 4?
The filing shows equity compensation activity for Chief Legal Officer James Orie. He received 23,615 common shares as an award, and 11,702 shares were withheld to cover tax obligations tied to vesting restricted stock units.
Was the FNB (FNB) Form 4 a stock purchase or sale by James Orie?
The Form 4 reflects compensation and tax withholding, not open-market trades. Shares were granted as part of performance-based awards, and some were withheld to satisfy tax liabilities rather than sold in the market.
Does the FNB (FNB) Form 4 indicate any derivative exercises by James Orie?
No derivative exercises are shown; the derivative summary is empty. The activity involves common stock from restricted stock unit awards and associated tax-withholding dispositions, not option or other derivative conversions.