Fifth Third Bancorp (FITB) director granted 2,838 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp director Priscilla Almodovar received an equity award tied to company stock. On April 21, 2026, she acquired 2,838 shares/units of Common Stock at $0.00 per share as a grant or award, bringing her direct holdings to 3,722 shares.
Footnotes explain these are restricted stock units granted under the Fifth Third Bancorp Incentive Compensation Plan, with no cash consideration paid. The units vest when her service on the company’s Board of Directors ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Almodovar Priscilla
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,838 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,722 shares (Direct, null)
Footnotes (1)
- Restricted stock units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan subject to vesting upon cessation of the reporting person's service on the Board of Directors of the Issuer. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.
Key Figures
Equity award size: 2,838 shares/units
Post-award holdings: 3,722 shares
Grant price: $0.00 per share
3 metrics
Equity award size
2,838 shares/units
Grant of Common Stock-related units on April 21, 2026
Post-award holdings
3,722 shares
Total Common Stock directly held after transaction
Grant price
$0.00 per share
Non-cash grant under Incentive Compensation Plan
Key Terms
Restricted stock units, Incentive Compensation Plan, Board of Directors, Grant, award, or other acquisition
4 terms
Restricted stock units financial
"Restricted stock units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Incentive Compensation Plan financial
"Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan"
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
Board of Directors financial
"subject to vesting upon cessation of the reporting person's service on the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Fifth Third Bancorp (FITB) director Priscilla Almodovar report in this Form 4?
She reported receiving an equity grant of 2,838 shares/units of Common Stock on April 21, 2026. This award increased her direct holdings to 3,722 shares, reflecting routine director compensation rather than an open-market stock purchase.
Was Priscilla Almodovar’s Fifth Third Bancorp (FITB) stock award an open-market purchase?
No. The filing classifies the transaction as a grant, award, or other acquisition with a price of $0.00 per share. Footnotes state it was granted under the Incentive Compensation Plan and that no consideration was paid.
What are the vesting conditions for Priscilla Almodovar’s Fifth Third (FITB) restricted stock units?
The footnotes state the restricted stock units vest upon the cessation of her service on the Board of Directors. Until that service ends, the award remains subject to these vesting conditions under the company’s Incentive Compensation Plan.
Did Priscilla Almodovar pay anything for her Fifth Third Bancorp (FITB) stock award?
No. The Form 4 lists a $0.00 per share transaction price, and a footnote confirms the award was granted pursuant to the Incentive Compensation Plan with no consideration paid by the reporting person for the shares.