Form 4: FNB Corp. Legal Officer Sells Shares for Tax

FNB Corp.'s Chief Legal Officer, James Orie, reported the disposition of 1,385 common shares at $17.36 each to cover tax obligations.

Summary

• James Orie, Chief Legal Officer and Corporate Secretary of FNB Corp. (FNB), reported a change in beneficial ownership.
• On January 20, 2026, Orie disposed of 1,385 shares of FNB Common Stock.
• The shares were disposed of at a price of $17.36 per share.
• This transaction was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following the transaction, Orie directly beneficially owns 126,366.214 shares.
• Orie indirectly owns 63,090.504 shares through a 401K Plan.
• The reported beneficial ownership includes shares acquired through the company's dividend reinvestment plan and dividend equivalent units accrued on restricted stock units since the last filing.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event from an investment perspective. It does not indicate a change in management's confidence or company performance.

Negatives

• Reduction in direct beneficial ownership by 1,385 common shares.

Future Outlook

NA

Industry Context

Insider transactions, particularly those involving dispositions for tax withholding (Form 4, transaction code 'F'), are routine occurrences for executives and directors of publicly traded companies. These transactions typically reflect the vesting of equity awards and the subsequent sale of a portion of those shares to cover statutory tax obligations, rather than a discretionary sale based on a change in investment sentiment.

Related Party Transactions

• The transaction involves a corporate officer disposing of shares to the issuer to satisfy tax withholding obligations, which is a standard process for equity compensation.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and represents a small fraction of the company's outstanding shares.
• Impacts the reporting person by reducing their direct shareholding, but typically follows the realization of equity compensation.

Key Dates

Keywords

FNB Corp, FNB, Form 4, Insider Transaction, Beneficial Ownership, Stock Sale, James Orie, Chief Legal Officer, Tax Withholding