Fifth Third Bancorp (FITB) EVP withholds shares to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp executive Robert P. Shaffer, EVP and Chief Risk Officer, reported two tax-related share dispositions of common stock. On February 14, 2026, a total of 1,151 shares and 1,948 shares were withheld at $52.86 per share to cover taxes upon the vesting of restricted stock units granted on February 14, 2023 and February 14, 2024. These are coded as tax-withholding dispositions rather than open-market sales, and Shaffer continued to hold about 196,227 shares of common stock directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shaffer Robert P
Role
EVP and Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,151 | $52.86 | $61K |
| Tax Withholding | Common Stock | 1,948 | $52.86 | $103K |
Holdings After Transaction:
Common Stock — 198,175 shares (Direct)
Footnotes (1)
- Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 14, 2023. Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 14, 2024.
FAQ
What insider transaction did FITB executive Robert P. Shaffer report?
Robert P. Shaffer reported tax-related dispositions of Fifth Third Bancorp common stock. On February 14, 2026, shares were withheld to satisfy tax obligations arising from vesting restricted stock units, rather than sold in the open market, under Form 4 reporting requirements.
What does transaction code F mean in the FITB Form 4 filing?
Transaction code F in the Fifth Third Bancorp Form 4 indicates shares were used to pay an exercise price or tax liability. Here, it reflects shares withheld to cover taxes due on vesting restricted stock units, not discretionary open-market buying or selling activity.