Fifth Third (FITB) director receives 2,838 restricted stock units in equity grant
Rhea-AI Filing Summary
MALLESCH EILEEN A reported acquisition or exercise transactions in this Form 4 filing.
Fifth Third Bancorp director Eileen A. Mallesche received 2,838 shares of common stock as a grant under the company’s Incentive Compensation Plan. The award was made at no cost to her and is in the form of restricted stock units that vest when her service on the Board of Directors ends.
Following this grant and additional restricted stock units accumulated through dividend reinvestments since her last report, she now holds a total of 55,288.179 shares of common stock directly.
Positive
- None.
Negative
- None.
Insights
Director receives routine equity grant tied to board service.
Director Eileen A. Mallesche acquired 2,838 restricted stock units of Fifth Third Bancorp common stock as a compensation grant, with no cash paid. This is classified as a grant/award acquisition rather than an open-market purchase.
The units vest when her service on the Board ends, aligning compensation with ongoing tenure. Total direct holdings after the grant are 55,288.179 shares, including units added through dividend reinvestments. This appears as standard director equity compensation, not a discretionary market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,838 | $0.00 | -- |
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. Includes additional restricted stock units acquired pursuant to dividend reinvestments since the date of the reporting person's last ownership report.