Fifth Third Bancorp (FITB) CAO withholds shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp’s Chief Accounting Officer, Jeffrey A. Lopper, reported several tax-withholding dispositions of common stock tied to restricted stock units that vested on February 14 and 16, 2026. Shares were withheld at $52.86 per share to cover taxes on RSU grants from 2022, 2023, and 2024, leaving him with 47,982 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lopper Jeffrey A
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 226 | $52.86 | $12K |
| Tax Withholding | Common Stock | 79 | $52.86 | $4K |
| Tax Withholding | Common Stock | 309 | $52.86 | $16K |
| Tax Withholding | Common Stock | 309 | $52.86 | $16K |
Holdings After Transaction:
Common Stock — 48,679 shares (Direct)
Footnotes (1)
- Shares withheld for taxes upon the vesting of restricted stock units granted to the reporting person on February 16, 2022. 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 insider transaction did FITB’s Chief Accounting Officer report?
Jeffrey A. Lopper, Fifth Third Bancorp’s Chief Accounting Officer, reported several tax-withholding dispositions of common stock. The shares were withheld to satisfy tax obligations arising from the vesting of previously granted restricted stock units, rather than being sold in open-market transactions.
Were the FITB insider transactions open-market sales or tax withholdings?
The transactions were tax-withholding dispositions, not open-market sales. Shares of Fifth Third Bancorp common stock were withheld to pay taxes due upon vesting of restricted stock units granted in 2022, 2023, and 2024, as disclosed in the Form 4 footnotes.
On what dates did the FITB restricted stock units vest for the CAO?
The restricted stock units vested on February 14 and February 16, 2026. Footnotes state these RSUs were originally granted on February 16, 2022, February 14, 2023, and February 14, 2024, and the related share withholdings covered the associated tax liabilities at vesting.
What transaction code appears in the FITB Form 4 for these insider moves?
The transactions use code “F,” described as payment of exercise price or tax liability by delivering securities. In this case, Fifth Third Bancorp shares were withheld upon restricted stock unit vesting specifically to satisfy tax obligations, rather than being voluntarily sold for investment purposes.
Does this FITB Form 4 indicate buying or selling activity by the CAO?
The Form 4 reflects dispositions classified as tax-withholding transactions, not traditional buying or selling. Shares were withheld by Fifth Third Bancorp to cover tax liabilities when the Chief Accounting Officer’s restricted stock units vested, while he retained a substantial remaining direct shareholding.