Fifth Third (FITB) EVP & CIO granted shares, stock withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIFTH THIRD BANCORP executive Jude Schramm reported stock-based awards and related tax withholding. On February 18, he acquired 14,496 shares of common stock as a grant under the Fifth Third Bancorp Incentive Compensation Plan, subject to vesting in three equal annual installments beginning one year after the grant date.
He also acquired an additional 21,677 shares as a performance share award received upon satisfaction of performance criteria, subject to vesting on February 18, 2026, with no consideration paid for these awards. In a separate transaction the same day, 9,517 shares at $52.86 per share were withheld to cover taxes upon the vesting of performance shares, reducing his directly held common stock to 153,806 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Schramm Jude
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,496 | $0.00 | -- |
| Grant/Award | Common Stock | 21,677 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,517 | $52.86 | $503K |
Holdings After Transaction:
Common Stock — 141,646 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 transactions did FITB executive Jude Schramm report on this Form 4?
Jude Schramm reported receiving two stock-based awards and a tax withholding transaction. He acquired 14,496 restricted stock units and 21,677 performance share-related shares, while 9,517 shares were withheld to satisfy tax obligations tied to vested performance shares.
What vesting terms apply to Jude Schramm’s new FITB restricted stock units?
The 14,496 restricted stock units vest in three equal annual installments, beginning on the first anniversary of the grant date. This schedule spreads the potential share delivery over three years, tying the award to continued service over that period.