Tax withholding trims Fifth Third Bancorp (FITB) EVP share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp executive Nancy C. Pinckney reported tax-withholding dispositions of common stock tied to vesting restricted stock units. On February 14, she surrendered 937 shares at $52.86 per share and a further 877 shares at the same price to satisfy tax obligations.
Footnotes explain these shares were withheld for taxes upon vesting of restricted stock units granted in 2023 and 2014, and that her holdings also reflect additional units from dividend reinvestments. After these transactions, she directly owned 79,261.709 shares of Fifth Third Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pinckney Nancy C.
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 937 | $52.86 | $50K |
| Tax Withholding | Common Stock | 877 | $52.86 | $46K |
Holdings After Transaction:
Common Stock — 80,138.709 shares (Direct)
Footnotes (1)
- Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 14, 2023. Includes additional restricted stock units acquired pursuant to dividend reinvestments since the date of the reporting person's last ownership report. Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 14, 2014.
FAQ
What insider transaction did Fifth Third Bancorp (FITB) report for Nancy C. Pinckney?
Fifth Third Bancorp reported that EVP Nancy C. Pinckney had shares withheld to cover taxes on vesting stock awards. Two transactions on February 14 involved 937 and 877 common shares, both treated as tax-withholding dispositions rather than open-market sales.
Were Nancy C. Pinckney’s FITB Form 4 transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. Shares were withheld by the company to satisfy tax liabilities when restricted stock units granted in 2014 and 2023 vested, according to the filing’s explanatory footnotes.
What do the dividend reinvestment footnotes mean in the FITB Form 4 filing?
One footnote states that additional restricted stock units were acquired through dividend reinvestments since Nancy C. Pinckney’s last ownership report. This means cash dividends on prior awards were automatically reinvested into more units rather than being paid out in cash.