Executive at Fifth Third (FITB) receives 14,496 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIFTH THIRD BANCORP EVP Kevin J. Khanna received an equity award of 14,496 shares tied to common stock. The Form 4 shows this as a grant or award acquisition at a price of $0.00 per share under the Fifth Third Bancorp Incentive Compensation Plan, with no consideration paid.
The footnotes state these are Restricted Stock Units that vest in three equal annual installments beginning on the first anniversary of the grant date. Following this award, Khanna’s directly owned common stock holdings reported in the filing total 84,530 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Khanna Kevin J
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,496 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 84,530 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 insider transaction did FITB report for Kevin J. Khanna?
FIFTH THIRD BANCORP reported that EVP Kevin J. Khanna received a grant of 14,496 Restricted Stock Units. The award was made under the Fifth Third Bancorp Incentive Compensation Plan and is reflected as an acquisition of common stock-related units on the Form 4.
What is the vesting schedule for Kevin J. Khanna’s new FITB Restricted Stock Units?
The 14,496 Restricted Stock Units granted to Kevin J. Khanna vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, meaning one-third of the units becomes vested each year over a three-year period, subject to plan terms.
Did Kevin J. Khanna pay any consideration for the new FIFTH THIRD BANCORP stock units?
No, Kevin J. Khanna did not pay consideration for the award. A footnote explains the Restricted Stock Units were granted pursuant to the Fifth Third Bancorp Incentive Compensation Plan and that no consideration was paid, consistent with typical equity compensation grants to executives.
What plan governs Kevin J. Khanna’s new FITB Restricted Stock Unit grant?
The new Restricted Stock Unit grant to Kevin J. Khanna was made under the Fifth Third Bancorp Incentive Compensation Plan. This plan governs the terms, including vesting over three equal annual installments and the conditions attached to the equity compensation awards for eligible participants.