Fifth Third Bancorp (FITB) director granted 2,838 restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp director Jorge L. Benitez received an equity grant in the form of restricted stock units. On this Form 4, he acquired 2,838 shares of Common Stock as a grant or award, with no cash consideration paid, under the Fifth Third Bancorp Incentive Compensation Plan.
The restricted stock units are subject to vesting upon the end of his service on the Board of Directors. After this grant and including additional restricted stock units credited through dividend reinvestments since his last report, Benitez holds a total of 57,460.209 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benitez Jorge L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,838 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 57,460.209 shares (Direct, null)
Footnotes (1)
- Restricted stock units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan subject to vesting upon cessation of the reporting person's service on the Board of Directors of the Issuer. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid. Includes additional restricted stock units acquired pursuant to dividend reinvestments since the date of the reporting person's last ownership report.
Key Figures
Restricted stock units granted: 2,838 shares
Shares held after transaction: 57,460.209 shares
Grant price per share: $0.0000 per share
3 metrics
Restricted stock units granted
2,838 shares
Common Stock grant on 2026-04-21
Shares held after transaction
57,460.209 shares
Total direct Common Stock holdings after grant
Grant price per share
$0.0000 per share
No cash consideration paid for award
Key Terms
restricted stock units, Fifth Third Bancorp Incentive Compensation Plan, dividend reinvestments
3 terms
restricted stock units financial
"Restricted stock units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Fifth Third Bancorp Incentive Compensation Plan financial
"Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan"
dividend reinvestments financial
"Includes additional restricted stock units acquired pursuant to dividend reinvestments"
FAQ
What insider transaction did Fifth Third Bancorp (FITB) report for Jorge L. Benitez?
Fifth Third Bancorp reported that director Jorge L. Benitez received a grant of 2,838 restricted stock units. The grant was made in Common Stock under the company’s Incentive Compensation Plan and was recorded as a non-cash award rather than an open-market purchase.
What are the terms of the restricted stock units granted to Jorge L. Benitez at FITB?
The restricted stock units granted to Jorge L. Benitez vest when his service on Fifth Third Bancorp’s Board of Directors ends. Until vesting, they remain subject to the plan’s conditions, reflecting a long-term, service-based equity award rather than immediately unrestricted shares.
Did Jorge L. Benitez pay any consideration for the Fifth Third Bancorp (FITB) stock grant?
No, Jorge L. Benitez did not pay cash consideration for this award. The Form 4 footnote states the grant was made pursuant to the Fifth Third Bancorp Incentive Compensation Plan and that no consideration was paid, indicating it is a compensation-related equity grant.
Do dividend reinvestments affect Jorge L. Benitez’s reported FITB holdings?
Yes. The filing notes that his total holdings include additional restricted stock units acquired through dividend reinvestments. These reinvested dividends have increased his reported position over time since his last ownership report, adding to the total number of units shown on this Form 4.