Form 4: First Financial Bancorp Officer Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Scott Crawley, Controller & Principal Accounting Officer of First Financial Bancorp, reports disposing of shares to cover tax obligations arising from equity awards.
Summary
- Scott Crawley, Controller & Principal Accounting Officer of First Financial Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involved the disposal of common stock to satisfy tax withholding obligations.
- On March 1, 2024, 596 shares were disposed of at a price of $21.62.
- On March 2, 2024, 618 shares were disposed of at a price of $21.62.
- Following these transactions, Crawley directly owns 17,287.6729 shares of common stock and indirectly owns 287.1609 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2020-11-12 | Date of Power of Attorney execution. |
| 2023 | 411.8226 shares acquired in 2023 through dividend reinvestment. |
| 2023 | 11.7621 shares acquired in 2023 through dividend reinvestment. |
| 2024-03-01 | Disposal of 596 shares of common stock at $21.62. |
| 2024-03-02 | Disposal of 618 shares of common stock at $21.62. |
| 2024-03-04 | Date of Form 4 filing. |
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