Form 4: FNB Corp CFO Vincent Calabrese Reports Stock Transactions

FNB Corp's CFO, Vincent Calabrese, reports acquisition and disposal of company stock related to vesting of restricted stock units and tax obligations.

Summary

• Vincent J. Calabrese, CFO of FNB Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 18, 2025, Calabrese acquired 69,912 shares of FNB common stock at $13.61 per share related to a performance-based restricted stock unit award.
• On the same day, he disposed of 30,406 shares and 3,627 shares to satisfy tax withholding obligations related to vesting of performance-based and time-based restricted stock unit awards respectively, both at $13.61 per share.
• Following these transactions, Calabrese directly owns 784,062.245 shares and indirectly owns 81,402.534 shares through a 401K plan.
• The reported total also includes shares acquired under the company's dividend reinvestment plan and dividend equivalent units accrued on restricted stock units since the last filing.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There's no indication of unusual or concerning activity.

Positives

• The acquisition of shares through vesting of restricted stock units indicates that performance targets were met, which is a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Comparing Calabrese's holdings and transactions to those of CFOs at peer regional banks would provide context on whether his level of ownership is typical.
• Analyzing the vesting schedules and performance metrics of FNB Corp's restricted stock units against industry benchmarks would reveal how the company incentivizes its executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
• Employees holding similar stock-based compensation may be interested in the details of the tax withholding.

Key Dates

Keywords

FNB Corp, Vincent Calabrese, Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Tax Withholding, Dividend Reinvestment, CFO