Woods Karen B 4/A
Research Summary
AI-generated summary
First Financial (FFBC) GC Karen Woods: 3,466 Shares Withheld for Taxes
What Happened
Karen B. Woods, General Counsel & Chief Administrative Officer of First Financial Bancorp (FFBC), had shares withheld to satisfy a tax liability on March 7, 2026. The amended Form 4 corrects the previously reported withholding of 3,326 shares (proceeds reported $90,634) to the correct amount of 3,466 shares at $27.25 per share (≈$94,449). This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: March 7, 2026; per-share price reported: $27.25.
- Shares withheld (amended): 3,466 shares (originally reported as 3,326).
- Reported cash value (amended): ≈$94,449 (original reported value: $90,634).
- Shares owned after transaction: not specified in the amended filing.
- Footnotes: F1 corrects the number of shares to 3,466; F2 notes the reported balance was reduced to reflect the 140-share difference between 3,466 and 3,326.
- Filing status: Amended Form 4 filed March 26, 2026 (correcting the earlier report); this is later than the typical two-business-day Form 4 deadline.
Context
A tax-withholding disposition is routine when shares vest or options are exercised — the company withholds shares to cover taxes rather than the insider selling shares on the open market. Such withholdings are administrative and don’t necessarily indicate a change in insider sentiment about the stock.
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