Form 4: FNB Corp Executive Barry C Robinson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Barry C Robinson, Chief Consumer Banking Officer of FNB Corp, reports acquisition and disposal of FNB shares related to performance-based restricted stock units and tax obligations.
Summary
- Barry C Robinson, Chief Consumer Banking Officer of FNB Corp, filed a Form 4 detailing changes in beneficial ownership of FNB Corp stock.
- On March 18, 2025, Robinson acquired 32,444 shares of common stock at $13.61 per share related to a performance-based restricted stock unit award from 2022-2024.
- Also on March 18, 2025, 14,250 shares were withheld to satisfy tax obligations upon vesting of a performance-based restricted stock unit award at $13.61.
- An additional 1,701 shares were withheld to satisfy tax obligations upon vesting of a time-based restricted stock unit award at $13.61.
- Following these transactions, Robinson directly owns 294,904.757 shares and indirectly owns 29,900.006 shares through a 401K plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reflects routine transactions related to stock-based compensation and tax obligations. The acquisition of shares is a slightly positive signal.
Positives
- The acquisition of shares indicates confidence in the company's performance.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Comparison to Industry Standards
- Tracking insider transactions is a common practice in financial analysis to gauge management's sentiment and potential future performance.
- Comparing Robinson's transactions to those of other executives at FNB Corp and peer banks can provide insights into the overall health and outlook of the company.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of stock acquisition and disposal due to vesting of restricted stock units and tax withholding. |
| 03/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, FNB Corp, Robinson, Stock, Shares, Restricted Stock Units, Tax Withholding
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