McVey J. Kyle 4

What Happened

• McVey J. Kyle, EVP and CFO — received 2,200 shares of First Financial (FFIN) common stock on 2026-03-13 upon vesting of performance stock units (PSUs). The grant is reported as an award/acquisition (code A); no per-share price was reported for the award (N/A).
• To cover income taxes related to the vesting, 536 shares were withheld (code F) at $29.56 per share, a withholding value of $15,844. This is a routine tax-withholding transaction tied to vesting, not an open-market sale.

Key Details

• Transaction date: 2026-03-13; Form 4 filed 2026-03-17 (filed within the typical 2-business-day window following the transaction).
• Award: 2,200 shares issued upon PSU vesting (performance criteria other than stock price) — per footnote F1.
• Tax withholding: 536 shares withheld to pay taxes at $29.56/share, total $15,844 — per footnote F2.
• Shares owned after the transactions: Not disclosed in the provided filing excerpt.
• Transaction codes: A = Award/Grant; F = Tax withholding for income taxes.

Context

• This was a vesting of PSUs and a tax-withholding event — common compensation-related transactions that reflect vesting schedules rather than a deliberate buy or sell decision by the insider.
• Because the award was tied to performance units (not a simple option exercise tied to share price), it represents compensation earned per the company plan rather than a market purchase; the withholding was a cashless mechanism to satisfy tax obligations.