Fifth Third (FITB) COO granted stock awards, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp EVP & Chief Operating Officer James C. Leonard reported equity compensation awards and related tax withholding in common stock. He acquired 27,683 restricted stock units that vest in three equal annual installments starting one year after the grant, and 37,934 performance shares granted upon satisfaction of performance criteria, scheduled to vest on February 18, 2026. Both awards were granted under the company’s Incentive Compensation Plan for no cash consideration. To cover taxes upon vesting of performance shares, 16,654 shares were withheld at a price of $52.86 per share. After these transactions, he directly owned 291,383 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Leonard James C.
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,683 | $0.00 | -- |
| Grant/Award | Common Stock | 37,934 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,654 | $52.86 | $880K |
Holdings After Transaction:
Common Stock — 270,103 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. Performance Share award received upon satisfaction of performance criteria subject to vesting on February 18, 2026. Shares withheld for taxes upon the vesting of performance shares granted to the reporting person.
FAQ
What equity awards did Fifth Third (FITB) EVP & COO James C. Leonard receive?
James C. Leonard received two equity awards in common stock. He acquired 27,683 restricted stock units vesting over three years and 37,934 performance share awards vesting on February 18, 2026, all granted under Fifth Third Bancorp’s Incentive Compensation Plan without cash payment.
How do James C. Leonard’s restricted stock units at Fifth Third (FITB) vest?
The 27,683 restricted stock units granted to James C. Leonard vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, aligning his compensation with longer-term company performance and encouraging sustained executive retention at Fifth Third Bancorp.
Did James C. Leonard pay cash for his Fifth Third (FITB) equity grants?
No, James C. Leonard did not pay cash for the equity grants. The filing notes that the awards were granted pursuant to Fifth Third Bancorp’s Incentive Compensation Plan with no consideration paid, which is typical for stock-based executive compensation structures tied to performance and service conditions.