FIRST FINANCIAL BANCORP /OH/·4

Mar 10, 4:45 PM ET

Woods Karen B 4

Research Summary

AI-generated summary

Updated

First Financial (FFBC) GC & CAO Karen B. Woods Sells 3,326 Shares (Tax Withholding)

What Happened

  • Karen B. Woods, General Counsel & Chief Administrative Officer of First Financial Bancorp (FFBC), had 3,326 shares disposed on March 7, 2026 to satisfy tax withholding obligations. The shares were recorded at $27.25 each, for proceeds of approximately $90,634. The transaction is coded "F" on the Form 4, indicating a tax-withholding sale rather than a voluntary open-market sale.

Key Details

  • Transaction date: 2026-03-07; Form 4 filed: 2026-03-10.
  • Price per share: $27.25; shares disposed: 3,326; gross proceeds: ~$90,634.
  • Transaction code: F (payment of exercise price or tax liability — tax withholding).
  • Footnote: Reflects payout at 114.4% for the 2023 restricted performance shares (the withholding relates to that payout).
  • Shares owned after the transaction: not reported in the provided filing summary.

Context

  • This appears to be a routine tax-withholding disposition tied to the payout of 2023 restricted performance shares (paid at 114.4% of target), not an indication of a discretionary sale for investment reasons. Tax-withholding disposals are common when restricted stock or performance awards vest and taxes are due.