FNB (NYSE: FNB) executive gets stock award; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FNB CORP/PA/ Chief Wholesale Banking Officer David Bryant Mitchell received 30,280 shares of Common Stock as a grant tied to a 2023–2025 performance-based restricted stock unit award at $16.11 per share.
To cover related tax obligations, 13,170 shares from this performance-based award and 1,517 shares from a time-based restricted stock unit award were withheld and disposed of, also at $16.11 per share. After these compensation-related and tax-withholding entries, Mitchell directly holds 148,192.718 Common Stock shares and indirectly holds 13,634.099 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
David Bryant Mitchell
Role
Chief Wholesale Banking Office
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,280 | $16.11 | $488K |
| Tax Withholding | Common Stock | 13,170 | $16.11 | $212K |
| Tax Withholding | Common Stock | 1,517 | $16.11 | $24K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 162,879.718 shares (Direct);
Common Stock — 13,634.099 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) executive David Bryant Mitchell report in this Form 4?
David Bryant Mitchell reported a grant of 30,280 FNB Common Stock shares from a 2023–2025 performance-based restricted stock unit award, along with share withholdings to satisfy tax obligations upon vesting of both performance-based and time-based restricted stock unit awards.
Was the FNB (FNB) Form 4 transaction an open-market buy or sell?
The Form 4 shows no open-market buy or sell. It reflects a stock award grant and share dispositions solely to satisfy tax withholding obligations upon vesting of restricted stock unit awards, rather than discretionary purchases or sales in the open market.
What are David Bryant Mitchell’s FNB (FNB) holdings after these transactions?
After the reported grant and tax withholdings, Mitchell directly holds 148,192.718 FNB Common Stock shares. He also has indirect ownership of 13,634.099 shares through a 401(k) plan, reflecting retirement-plan holdings associated with his employment.
Does this FNB (FNB) Form 4 indicate remaining derivative or option positions?
The available data show no remaining derivative positions in this filing, as the derivative summary is empty. The reported activity centers on vested restricted stock unit awards, associated tax-withholding dispositions, and updated direct and indirect common share holdings.