Fifth Third CFO uses shares to cover taxes
Fifth Third Bancorp’s Chief Financial Officer and EVP Bryan D. Preston reported automatic share dispositions tied to restricted stock vesting.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Fifth Third Bancorp’s Chief Financial Officer and EVP Bryan D. Preston reported automatic share dispositions tied to restricted stock vesting. On the RSU vest dates, the company withheld 520 shares at $52.86 and 1,216 shares at $52.86 to cover tax obligations, as noted in the footnotes. These are tax-withholding dispositions rather than open-market sales. After these transactions, Preston directly owned about 75,686 common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 520 | $52.86 | $27K |
| Exercise Price or Tax Liability | Common Stock | 1,216 | $52.86 | $64K |
Footnotes (2)
- F1. Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 14, 2023.
- F2. Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 14, 2024.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Fifth Third Bancorp (FITB) disclose in this Form 4 for its CFO?
Were the Fifth Third (FITB) CFO’s Form 4 transactions open-market stock sales?
What does transaction code F mean in the Fifth Third (FITB) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.