Fifth Third (FITB) EVP Bridgit Chayt receives 6,765 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chayt Bridgit reported acquisition or exercise transactions in this Form 4 filing.
Fifth Third Bancorp executive Bridgit Chayt received an equity award of 6,765 restricted stock units under the company’s incentive compensation plan. The award was granted at no cost to her and represents common stock of Fifth Third Bancorp.
The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date, tying compensation to continued service and future company performance. Following this grant, Chayt directly owns or controls 54,326 shares of Fifth Third Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chayt Bridgit
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,765 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 54,326 shares (Direct)
Footnotes (1)
- 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. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.
FAQ
What did Fifth Third Bancorp (FITB) executive Bridgit Chayt report on this Form 4?
Bridgit Chayt reported receiving an award of 6,765 restricted stock units tied to Fifth Third Bancorp common stock. The grant came under the company’s incentive compensation plan and increases her direct holdings to 54,326 shares after the transaction.
Were any payments made by Bridgit Chayt for the 6,765 FITB restricted stock units?
No cash payment was made for the award; the 6,765 restricted stock units were granted with no consideration paid. The units were issued under the Fifth Third Bancorp Incentive Compensation Plan as part of her executive compensation package.
How do the 6,765 restricted stock units granted to Bridgit Chayt vest at Fifth Third Bancorp (FITB)?
The 6,765 restricted stock units vest in three equal annual installments, starting on the first anniversary of the grant date. This schedule means one-third vests each year over three years, encouraging continued employment and longer-term alignment with shareholder interests.