Fifth Third CEO receives stock awards, tax withholding
FIFTH THIRD BANCORP Chair, CEO & President Timothy Spence reported equity compensation awards in the form of common stock.
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Rhea-AI Filing Summary
FIFTH THIRD BANCORP Chair, CEO & President Timothy Spence reported equity compensation awards in the form of common stock. He acquired 101,671 shares and 130,058 shares at no cost as grants under the Fifth Third Bancorp Incentive Compensation Plan, including restricted stock units and performance shares subject to vesting conditions.
The filing also shows a disposition of 57,746 shares at $52.86 per share, with the shares withheld to cover taxes upon the vesting of performance shares previously granted. After these transactions, his directly held common stock balances increased as reflected in the reported post-transaction share totals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 101,671 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 130,058 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 57,746 | $52.86 | $3.05M |
Footnotes (4)
- F1. 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.
- F2. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.
- F3. Performance Share award received upon satisfaction of performance criteria subject to vesting on February 18, 2026.
- F4. Shares withheld for taxes upon the vesting of performance shares granted to the reporting person.
FAQ
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What insider transactions did FITB CEO Timothy Spence report?
What vesting terms apply to Timothy Spence’s new FITB equity awards?
What compensation plan governed Timothy Spence’s FITB stock awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.