Form 4: FNB Chief Credit Officer Sells Shares for Tax Obligations

FNB Corp.'s Chief Credit Officer, Gary L. Guerrieri, disposed of 1,310 shares of common stock to cover tax withholding obligations at a price of $17.19 per share.

Summary

• Gary L. Guerrieri, Chief Credit Officer of FNB Corp. (FNB), reported a transaction involving the company's common stock.
• On January 6, 2026, 1,310 shares of FNB common stock were disposed of at a price of $17.19 per share.
• This disposition was coded as 'F', indicating a payment of tax liability by delivering or withholding securities.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up pre-planned trades.
• Following this transaction, Mr. Guerrieri directly beneficially owns 278,779.516 shares, which includes shares acquired under the company's dividend reinvestment plan and dividend equivalent units accrued on restricted stock units.
• Indirect beneficial ownership includes 925.812 shares held as custodian for a child and 87,343.781 shares held through a 401K Plan.

Sentiment

Score: 6

Explanation: The transaction is a routine disposition for tax withholding purposes, executed under a pre-arranged 10b5-1 plan, and the reporting person retains substantial beneficial ownership, indicating no significant change in sentiment.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary sale rather than a discretionary market timing decision.
• The reporting person retains substantial direct and indirect beneficial ownership in FNB common stock, totaling over 366,000 shares combined, demonstrating continued alignment with shareholder interests.

Negatives

• The disposition of shares, even for tax purposes, reduces the reporting person's direct holdings in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in insider holdings, but as a routine, pre-planned tax-related sale, it is unlikely to significantly impact investor confidence or the company's valuation.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

The Form 4 filing details a routine, pre-planned disposition of shares by a Chief Credit Officer for tax withholding purposes. This type of transaction is not typically indicative of a change in the company's fundamentals or the insider's long-term view, especially given the significant remaining beneficial ownership. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

FNB, FNB Corp, insider transaction, Form 4, stock sale, executive compensation, Chief Credit Officer, Gary L. Guerrieri, 10b5-1 plan, tax withholding