Fifth Third Bancorp (FITB) director granted 2,838 restricted stock units as board compensation
Rhea-AI Filing Summary
Daniels C. Bryan reported acquisition or exercise transactions in this Form 4 filing.
FIFTH THIRD BANCORP director C. Bryan Daniels received an equity award of 2,838 shares of Common Stock-equivalent restricted stock units. The units were granted at no cash cost to him under the Fifth Third Bancorp Incentive Compensation Plan and are subject to vesting when his service on the Board of Directors ends.
After this grant, Daniels directly holds 386,964.212 shares of Common Stock, and separately has 8,963.5 shares held indirectly through an IRA. The filing also notes that his reported restricted stock unit balance includes additional units accumulated through dividend reinvestments since his prior ownership report.
Positive
- None.
Negative
- None.
Insights
Director receives routine RSU grant tied to board service.
Director C. Bryan Daniels acquired 2,838 restricted stock units (RSUs) in FIFTH THIRD BANCORP as a share-based compensation award under the company’s Incentive Compensation Plan. The grant carries no cash consideration, reflecting standard non-cash director compensation.
The RSUs vest upon the end of Daniels’ service on the Board of Directors, aligning his incentive with long-term board tenure. The filing also shows 386,964.212 shares held directly and 8,963.5 shares held indirectly via an IRA, indicating the award is small relative to his existing position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,838 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
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.