secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0000037808-23-000026
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F.N.B. Corporation amends CCO Guerrieri's employment agreement; double-trigger change-of-control
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- Gary L. Guerrieri, Chief Credit Officer, entered into amended employment agreement effective Nov 30, 2023.
- Base salary set at $509,000 annually; eligible for performance-based annual bonus.
- Termination without cause triggers 24 months base salary, 2x average annual bonus, and COBRA for up to 24 months.
- Change-of-control provision changed from single-trigger to double-trigger, aligning with other named executive officers.
- Initial term of 2 years with automatic 1-year extensions unless 30 days' notice given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780823000026/0000037808-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780823000026/fnb-20231130.htm
  HTML page:      https://secwatch.observer/filing/0000037808-23-000026

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