Fifth Third director granted 2,838 restricted units
Van de Ven Michael G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Van de Ven Michael G reported acquisition or exercise transactions in this Form 4 filing.
Fifth Third Bancorp director Michael G. Van de Ven received a grant of 2,838 shares of Common Stock in the form of restricted stock units at a price of $0.00 per share. These units were granted under the Fifth Third Bancorp Incentive Compensation Plan and are subject to vesting when his service on the Board of Directors ends.
Following the grant, he directly holds 41,479 shares of Common Stock. An additional 9,331 shares of Common Stock are held indirectly through the Van de Ven 2008 Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,838 shares
Grant/Award
2 txns
Insider
Van de Ven Michael G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,838 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 41,479 shares (Direct);
Common Stock — 9,331 shares (Indirect, by Van de Ven 2008 Family Trust)
Footnotes (2)
- F1. Restricted stock units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan subject to vesting upon cessation of the reporting person's service on the Board of Directors of the Issuer.
- F2. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.
Key Figures
Restricted stock unit grant: 2,838 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 41,479 shares
+1 more
4 metrics
Restricted stock unit grant
2,838 shares
Grant of Common Stock RSUs to director
Grant price per share
$0.00 per share
No consideration paid for RSU grant
Direct holdings after grant
41,479 shares
Common Stock directly held after transaction
Indirect trust holdings
9,331 shares
Common Stock held by Van de Ven 2008 Family Trust
Key Terms
Restricted stock units, Incentive Compensation Plan, Board of Directors, indirect ownership
4 terms
Restricted stock units financial
"Restricted stock units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Incentive Compensation Plan financial
"Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan."
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
Board of Directors financial
"subject to vesting upon cessation of the reporting person's service on the Board of Directors of the Issuer"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
indirect ownership financial
"nature_of_ownership: by Van de Ven 2008 Family Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Michael G. Van de Ven acquire in this Form 4 for FITB?
Michael G. Van de Ven received 2,838 restricted stock units of Fifth Third Bancorp Common Stock. The units were granted under the company’s Incentive Compensation Plan as board-related compensation, with no cash consideration paid by him for the award.
How are the new restricted stock units for FITB’s director structured to vest?
The 2,838 restricted stock units granted to Michael G. Van de Ven vest when his service on Fifth Third Bancorp’s Board of Directors ceases. This ties the compensation to the duration of his board service rather than a fixed calendar schedule or performance targets.
Did Michael G. Van de Ven pay cash for the 2,838 FITB restricted stock units?
No cash was paid for the 2,838 restricted stock units reported for Michael G. Van de Ven. The filing explains they were granted pursuant to the Fifth Third Bancorp Incentive Compensation Plan, with no consideration paid, reflecting standard equity-based director compensation.
What indirect Fifth Third Bancorp (FITB) holdings are reported for Van de Ven?
The filing reports 9,331 shares of Fifth Third Bancorp Common Stock held indirectly by the Van de Ven 2008 Family Trust. This entry is listed as indirect ownership, separate from his directly held 41,479 shares following the restricted stock unit grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
