Form 4: FNB Corp Executive James Orie Reports Stock Transactions
SEC Form 4 Filing
James Orie, Chief Legal Officer and Corporate Secretary of FNB Corp, reports acquisition and disposal of FNB shares related to vesting of restricted stock units and tax obligations.
Summary
- On March 18, 2025, James Orie, Chief Legal Officer and Corporate Secretary of FNB Corp, reported transactions involving FNB common stock.
- Orie acquired 25,610 shares at a price of $13.61 related to the 2022-2024 performance-based restricted stock unit award.
- He also disposed of 11,139 shares at $13.61 to cover tax obligations related to the vesting of performance-based restricted stock units.
- An additional 1,354 shares were disposed of at $13.61 to cover tax obligations related to the vesting of time-based restricted stock units.
- Following these transactions, Orie directly owns 126,164.557 shares and indirectly owns 63,090.504 shares through a 401K plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to executive compensation and tax obligations, without indicating any significant positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.
- Similar filings can be observed for executives at comparable financial institutions like PNC Financial Services or Citizens Financial Group.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The filing provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of stock transactions (acquisition and disposal) by James Orie. |
| 03/20/2025 | Date of signature for the Form 4 filing. |
Keywords
FNB Corp, James Orie, Form 4, Stock Transactions, Beneficial Ownership, Restricted Stock Units, Tax Withholding, Insider Trading
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