Fifth Third Bancorp (FITB) COO uses shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp’s EVP & Chief Operating Officer James C. Leonard reported automatic share dispositions related to tax withholding, not open-market selling. On February 14, 2026, a total of 4,280 common shares were withheld at $52.86 per share to cover taxes on vesting restricted stock units granted in 2023 and 2024. After these transactions, he continues to hold over 240,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Leonard James C.
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,706 | $52.86 | $90K |
| Tax Withholding | Common Stock | 2,574 | $52.86 | $136K |
Holdings After Transaction:
Common Stock — 244,994 shares (Direct)
Footnotes (1)
- Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 14, 2023. Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 14, 2024.
FAQ
What did Fifth Third Bancorp (FITB) report in this Form 4 for its COO?
The filing shows Fifth Third Bancorp EVP & COO James C. Leonard had shares withheld to pay taxes on vested restricted stock units. These are automatic tax-withholding dispositions, not open-market stock sales, and he still directly holds more than 240,000 common shares.
Was this Fifth Third Bancorp (FITB) Form 4 a stock sale by the COO?
No, the Form 4 reflects tax-withholding dispositions rather than discretionary stock sales. Shares were withheld upon vesting of restricted stock units to satisfy tax obligations, a routine administrative event rather than an open-market buy or sell decision by the executive.
What does transaction code F mean in the Fifth Third Bancorp (FITB) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. Here, it means common shares were withheld to cover taxes owed when restricted stock units vested, consistent with standard equity compensation practices for senior executives.
Were the Fifth Third Bancorp (FITB) tax withholdings linked to specific RSU grants?
Yes, the tax-withholding share dispositions were tied to restricted stock units granted on February 14, 2023 and February 14, 2024. When those RSUs vested, a portion of the resulting shares was withheld automatically to satisfy the associated tax liabilities.