Form 4: First Financial Bancorp Executive Karen Woods Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Karen Woods, General Counsel & CAO of First Financial Bancorp, reports the disposal of shares to cover tax obligations related to equity awards.
Summary
- Karen Woods, General Counsel & CAO of First Financial Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of common stock on March 1, 2024, and March 2, 2024, to satisfy tax obligations.
- A total of 952 shares were disposed of on March 1, 2024, and 804 shares were disposed of on March 2, 2024, both at a price of $21.62.
- Following these transactions, Woods directly owns 57,338 shares of common stock and indirectly owns 100 shares as UTMA Custodian for Daughter.
- The filing also includes a Power of Attorney, granting Maria Hinkel and Terri J. Ziepfel the authority to execute and file Forms 3, 4, and 5 on Woods' behalf.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates stock disposals to cover tax obligations, a common practice among executives who receive equity compensation.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2021-01-29 | Date of Power of Attorney execution. |
| 2024-03-01 | Date of common stock disposal: 952 shares at $21.62. |
| 2024-03-02 | Date of common stock disposal: 804 shares at $21.62. |
| 2024-03-05 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.