Fifth Third Bancorp (FITB) EVP reports equity awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp EVP Melissa S. Stevens reported equity compensation activity involving company common stock. She acquired 6,765 shares through a restricted stock unit grant and 15,174 shares from a performance share award, both granted under the Fifth Third Bancorp Incentive Compensation Plan with no cash consideration paid.
The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date, while the performance share award vested upon satisfaction of performance criteria on February 18, 2026. In a separate transaction, 6,662 shares were withheld at $52.86 per share to cover taxes due upon vesting of performance shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Stevens Melissa S.
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,765 | $0.00 | -- |
| Grant/Award | Common Stock | 15,174 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,662 | $52.86 | $352K |
Holdings After Transaction:
Common Stock — 69,859 shares (Direct)
Footnotes (1)
- Restricted Stock Units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan subject to vesting in three equal annual installments beginning on the first anniversary of the grant date. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid. Performance Share award received upon satisfaction of performance criteria subject to vesting on February 18, 2026. Shares withheld for taxes upon the vesting of performance shares granted to the reporting person.
FAQ
What insider activity did Fifth Third Bancorp (FITB) report for Melissa S. Stevens?
Fifth Third Bancorp reported that EVP Melissa S. Stevens received equity awards and related tax withholding transactions. She acquired restricted stock units and performance shares under the company’s incentive plan, and shares were withheld to satisfy tax obligations when performance shares vested.
What are the vesting terms of Melissa S. Stevens’ new FITB restricted stock units?
The restricted stock units granted to Melissa S. Stevens vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, aligning her equity compensation with a multi-year schedule under Fifth Third Bancorp’s Incentive Compensation Plan.