Brown Archie M 4/A
Research Summary
AI-generated summary
First Financial Bancorp (FFBC) CEO Archie Brown Surrenders 7,425 Shares for Taxes
What Happened
- Archie M. Brown, President & CEO and Director of First Financial Bancorp (FFBC), disposed of shares on March 7, 2026 to cover tax obligations tied to an equity award/option. The Form 4 reports a disposition of 7,425 shares at $27.25 per share (value ≈ $202,331). The filing was amended to correct an originally reported 7,664-share figure (original reported value $208,844).
Key Details
- Transaction date: 2026-03-07; per-share price: $27.25.
- Shares disposed (corrected): 7,425; reported value ≈ $202,331. Original Form 4 incorrectly reported 7,664 shares ($208,844).
- Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered for taxes).
- Footnotes: F1 corrects the number to 7,425; F2 notes the balance was adjusted to reflect the difference.
- Filing date: 2026-03-26. The report was filed well after the March 7 transaction (appears late relative to the 2-business-day Form 4 window).
Context
- This was a tax-withholding share surrender (common after option exercises or award vesting), not necessarily an open-market sale. Such transactions routinely satisfy tax obligations and don’t by themselves signal management’s market view. The amendment fixes the reported share count and value.
Loading document...