Fifth Third Bancorp (FITB) CAO receives 2,013-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp reported that Chief Accounting Officer Jeffrey A. Lopper acquired 2,013 shares of common stock through a grant or award. These represent restricted stock units granted under the Fifth Third Bancorp Incentive Compensation Plan, with no cash consideration paid by him.
The restricted stock units are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date. After this grant, Lopper directly holds 49,995 shares of Fifth Third Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lopper Jeffrey A
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,013 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 49,995 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) disclose about Jeffrey A. Lopper in this Form 4?
Fifth Third Bancorp disclosed that Chief Accounting Officer Jeffrey A. Lopper received a grant of 2,013 restricted stock units. These units were awarded under the company’s Incentive Compensation Plan and increase his directly held common stock position to 49,995 shares after the transaction.
How and when do Jeffrey A. Lopper’s new Fifth Third Bancorp restricted stock units vest?
The restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, so one-third of the units will vest each year over a three-year period, subject to the plan’s terms and any service conditions.