Harris Gregory A 4
Research Summary
AI-generated summary
FFBC Gregory Harris Withholds 1,957 Shares for Taxes
What Happened
- Gregory A. Harris, President, Wealth Management at First Financial Bancorp (FFBC), had 1,957 shares disposed on March 7, 2026 to satisfy tax obligations related to equity compensation. The shares were valued at $27.25 each, for a total of $53,328.
- This was a tax-withholding/net settlement of a restricted performance share payout, not an open-market sale or a new purchase.
Key Details
- Transaction date: 2026-03-07; filing date: 2026-03-10.
- Transaction type/code: F — shares withheld to satisfy tax withholding obligations.
- Shares disposed: 1,957 at $27.25; total value reported: $53,328.
- Footnote: payout at 114.4% for the 2023 restricted performance shares (F1).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: filed March 10, 2026 for a March 7 transaction; the filing does not indicate a late (L) status.
Context
- This was a net/share-withholding to cover taxes on a performance-based equity award (cashless/net settlement), an administrative action common after vesting/payouts and not necessarily a signal of buying or selling interest.
- Retail investors should view this as routine compensation tax withholding rather than an insider stock sale reflecting sentiment.