Calabrese Vincent J 4
Research Summary
AI-generated summary
FNB CFO Vincent Calabrese Receives Performance RSU Award
What Happened Vincent J. Calabrese, Chief Financial Officer of FNB Corp. (FNB), was granted 63,833 performance-based restricted stock units on 2026-03-18 valued at $16.11 each (total ≈ $1,028,350). To satisfy tax withholding upon vesting, 27,762 shares and 3,193 shares were withheld (disposed) at $16.11, with values of $447,246 and $51,439 respectively (total withheld ≈ $498,685). Net of withholding, Calabrese retained 32,878 shares from this award (net value ≈ $529,665).
Key Details
- Transaction date: 2026-03-18; filing date: 2026-03-19 (timely filing).
- Grant: 63,833 shares (code A) at $16.11 — total value ≈ $1,028,350.
- Withholdings: 27,762 shares (F) at $16.11 = $447,246; 3,193 shares (F) at $16.11 = $51,439; total withheld = 30,955 shares (≈ $498,685).
- Net shares retained from the vesting: 32,878 shares.
- Footnotes: F1 = shares earned from the 2023–2025 performance RSU award; F2 notes Column 5 totals include dividend reinvestment/dividend equivalents; F3/F4 explain shares withheld for tax on performance- and time-based RSUs.
- Filing status: appears timely (no late filing indicated).
Context This filing reports an RSU vesting and routine share withholding to satisfy tax obligations (a common "cashless" withholding), not an open-market sale or purchase. Such withholdings are administrative and do not necessarily indicate the insider’s market view.