Fifth Third EVP gets stock awards, shares withheld
FIFTH THIRD BANCORP executive Jude Schramm reported stock-based awards and related tax withholding.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,496 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 21,677 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,517 | $52.86 | $503K |
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
What insider transactions did FITB executive Jude Schramm report on this Form 4?
What vesting terms apply to Jude Schramm’s new FITB restricted stock units?
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