Dutey James L 4
Research Summary
AI-generated summary
FNB Corp (FNB) Controller James L. Dutey Receives RSU Award; Shares Withheld
What Happened James L. Dutey, Corporate Controller of FNB Corp (FNB), had performance-based restricted stock units vest on 2026-03-18. He was awarded 11,716 shares at $16.11 each (total value $188,745). To satisfy tax withholding obligations on vesting, 4,862 shares (worth $78,327) and 597 shares (worth $9,618) were withheld/treated as disposed, for a total of 5,459 shares withheld ($87,945). The primary action is an award/vesting of RSUs (not an open-market buy or a voluntary sale).
Key Details
- Transaction date: 2026-03-18; Form filed 2026-03-19 (timely filing).
- Award: 11,716 shares @ $16.11 = $188,745 (code A — grant/award/acquisition).
- Withholding: 4,862 shares @ $16.11 = $78,327 and 597 shares @ $16.11 = $9,618 (code F — shares withheld to satisfy tax obligations).
- Footnotes: F1 = shares earned from 2023–2025 performance-based RSU award; F2 = total reported may include dividend reinvestment/dividend equivalents; F3/F4 = shares withheld for tax on performance- and time-based RSU vesting.
- Shares owned after the transaction: not reported in the provided filing excerpt.
- This was not a market purchase or sale intended as an investment signal; it reflects compensation vesting and tax withholding.
Context Vesting of RSUs and share-withholding to pay taxes are routine insider events tied to compensation. Such transactions generally reflect payroll/compensation mechanics rather than a manager buying or selling stock for investment reasons.