Fifth Third director Kerr acquires 14,275 FITB shares
Fifth Third Bancorp director Derek J. Kerr reported new share holdings following a merger-related exchange and an equity grant.
Rhea-AI Filing Summary
Fifth Third Bancorp director Derek J. Kerr reported new share holdings following a merger-related exchange and an equity grant. On 02/02/2026, he acquired 13,577 shares of Fifth Third common stock at no cost, received in exchange for 7,275 shares of Comerica Incorporated under a merger agreement using a 1.8663 exchange ratio plus cash for fractions. He also received 612 restricted stock units under Fifth Third’s incentive compensation plan, granted with no consideration paid and scheduled to vest when his service on the Board of Directors ends. After these transactions, he directly owned 14,275 Fifth Third common shares.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,577 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 612 | $0.00 | $0.00 |
Footnotes (3)
- F1. Received in exchange for 7,275 shares of Comerica Incorporated ("CMA") in connection with the merger of CMA and a wholly owned subsidiary of CMA with and into a wholly owned subsidiary of Fifth Third Bancorp ("FITB"). Pursuant to the merger agreement by and among FITB, CMA and the other parties thereto, holders of CMA common stock had the right to receive, for each share of CMA common stock held immediately prior to the effective time of the merger, 1.8663 shares of common stock of FITB and cash in lieu of any fractional shares, at such price in accordance with the terms of the merger agreement.
- F2. 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.
- F3. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.
FAQ
What insider transaction did Derek J. Kerr report at Fifth Third Bancorp (FITB)?
What are the terms of Derek J. Kerr’s restricted stock units at Fifth Third (FITB)?
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