Fifth Third Bancorp (FITB) director granted 2,838 restricted stock units as board pay
Rhea-AI Filing Summary
KERR DEREK J reported acquisition or exercise transactions in this Form 4 filing.
Fifth Third Bancorp director Derek J. Kerr received an equity award of 2,838 common-stock-based restricted stock units as board compensation. The award was granted under the Fifth Third Bancorp Incentive Compensation Plan with no cash consideration paid by Kerr.
The restricted stock units vest when Kerr’s service on the company’s Board of Directors ends, aligning his compensation with long-term board tenure. Following this grant, he directly holds 17,113 shares or share-equivalent units of Fifth Third Bancorp common stock reported in this filing.
Positive
- None.
Negative
- None.
Insights
Routine director RSU grant, not an open‑market share purchase.
Derek J. Kerr, a director of Fifth Third Bancorp, received 2,838 restricted stock units as a grant under the company’s Incentive Compensation Plan. Footnotes clarify this is compensation, with no consideration paid, rather than a market transaction.
The units vest when his board service ends, encouraging longer service and aligning incentives with shareholders over time. After the award, Kerr’s reported direct holdings total 17,113 common-share equivalents, a modest position that reflects standard board-level equity compensation rather than a directional trading signal.
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.