Form 4: First Financial Bancorp Executive James R. Shank Reports Stock Transaction
SEC Form 4 Filing
James R. Shank, Chief Internal Auditor at First Financial Bancorp, reports the disposal of 603 shares of common stock to cover tax obligations.
Summary
- On March 7, 2024, James R. Shank, Chief Internal Auditor of First Financial Bancorp, disposed of 603 shares of common stock.
- The transaction was executed at a price of $22.16 per share.
- This disposal was related to covering tax obligations.
- Following the transaction, Shank directly owns 13,170 shares of First Financial Bancorp common stock.
- Maria Hinkel, acting as attorney-in-fact, signed the report on March 8, 2024, on behalf of James R. Shank.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This allows investors to track insider sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2020-11-13 | Date of Power of Attorney execution. |
| 2024-03-07 | Date of stock transaction (disposal of shares). |
| 2024-03-08 | Date of Form 4 signature by attorney-in-fact. |
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