Form 4: First Financial Bancorp Executive William R. Harrod Reports Stock Disposals
SEC Form 4 Filing
William R. Harrod, Chief Credit Officer of First Financial Bancorp, reports the disposal of common stock to cover tax obligations.
Summary
- On March 1st and 2nd, 2024, William R. Harrod, Chief Credit Officer of First Financial Bancorp, disposed of shares of common stock.
- The transactions involved the disposal of 632 and 626 shares respectively, at a price of $21.62 per share.
- These disposals were likely to cover tax obligations related to vesting of stock awards.
- Following these transactions, Harrod directly owns 44,882 shares of First Financial Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock disposals, which is neutral in sentiment. The transactions appear to be related to tax obligations, a common practice.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
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 |
|---|---|
| 2020-11-18 | Date of Power of Attorney execution. |
| 2024-03-01 | Disposal of 632 shares of common stock at $21.62. |
| 2024-03-02 | Disposal of 626 shares of common stock at $21.62. |
| 2024-03-04 | Date of signature for the Form 4 filing. |
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