Reckman Matthew David 4
Research Summary
AI-generated summary
First Financial (FFBC) Chief Commercial Banking Officer Withholds 501 Shares
What Happened
Matthew D. Reckman, Chief Commercial Banking Officer of First Financial Bancorp (FFBC), had 501 shares withheld/disposed to satisfy a tax liability on 2026-03-05. The shares were recorded at $27.75 each, for a total value of $13,903. This was a tax-withholding payment tied to an earlier equity award or option exercise, not an open-market sale.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-06 (timely filing).
- Transaction type/code: F — payment of exercise price or tax liability (shares withheld/disposed).
- Shares withheld/disposed: 501 at $27.75 each; total value reported $13,903.
- Shares owned after transaction: Not specified in the provided filing summary.
- Filing timeliness: Filed the next day; no late filing indicated.
Context
Code F typically means the insider surrendered shares to cover tax withholding after an option exercise or restricted stock vesting. This is a routine administrative action (shares withheld) rather than a market sale, so it should not be interpreted as a directional vote of confidence or a typical liquidity-driven sale. Purchases or open-market sales generally carry clearer investment signals than tax withholding transactions.