Form 4: FNB Corp CFO Sells Shares to Cover Tax Obligations

FNB Corp's Chief Financial Officer, Vincent J. Calabrese, Jr., sold 7,138 shares of common stock to cover tax obligations.

Summary

• Vincent J. Calabrese, Jr., the Chief Financial Officer of FNB Corp, sold 7,138 shares of common stock on January 7, 2025.
• The sale was executed at a price of $14.67 per share.
• This transaction was to cover tax obligations related to vesting of stock.
• Following the transaction, Mr. Calabrese directly owns 719,417.501 shares of common stock.
• He also indirectly owns 81,403.115 shares through a 401K plan.
• The total reported holdings include shares acquired through the company's dividend reinvestment plan and dividend equivalent units accrued on restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock sale, which is neutral in sentiment. It does not indicate any positive or negative outlook for the company.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies. It does not indicate any specific trend in the banking industry.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, often for tax planning or diversification purposes.
• The sale by Mr. Calabrese is not unusual in terms of size or timing compared to similar transactions by executives at comparable financial institutions.
• Companies like PNC Financial Services or Citizens Financial Group also see similar filings from their executives.

Stakeholder Impact

• The stock sale by the CFO is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

FNB Corp, Vincent J. Calabrese, Chief Financial Officer, stock sale, insider trading, Form 4, tax obligations, share ownership