Fifth Third (FITB) COO exercises 4,350 rights, disposes 2,137 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp executive James C. Leonard, EVP & Chief Operating Officer, reported an equity award exercise and related tax share disposition. On February 12, 2026, he exercised 4,350 stock appreciation rights at an exercise price of $14.87 per right, receiving the same number of common shares.
On the same date, 2,137 common shares were disposed of in a transaction coded "F" at a price of $53.20 per share to cover taxes associated with the award exercise. Following these transactions, Leonard directly owned 246,700 shares of Fifth Third Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,350 shares exercised/converted
Mixed
3 txns
Insider
Leonard James C.
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Apreciation Right | 4,350 | $0.00 | -- |
| Exercise | Common Stock | 4,350 | $14.87 | $65K |
| Tax Withholding | Common Stock | 2,137 | $53.20 | $114K |
Holdings After Transaction:
Stock Apreciation Right — 0 shares (Direct);
Common Stock — 248,837 shares (Direct)
Footnotes (1)
- Indicates grant date. Stock appreciation rights are exercisable as follows: 25% one year from grant date, 50% two years from grant date, 75% three years from grant date, and 100% four years from grant date. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.
FAQ
What insider transaction did FITB executive James C. Leonard report?
James C. Leonard reported exercising stock appreciation rights and a related tax share disposition. He converted 4,350 stock appreciation rights into common shares, then 2,137 shares were disposed of to satisfy tax obligations, leaving him with 246,700 directly owned Fifth Third Bancorp shares.
What prices were involved in James C. Leonard’s FITB Form 4 transactions?
The stock appreciation rights had an exercise price of $14.87, and the tax shares were valued at $53.20. Leonard exercised 4,350 rights at $14.87 each and 2,137 common shares were used at $53.20 per share to satisfy tax obligations.
What is the nature of the stock appreciation rights exercised by FITB’s COO?
The stock appreciation rights were granted under the Fifth Third Bancorp Incentive Compensation Plan. They became fully exercisable over four years and were exercised on February 12, 2026, with no consideration paid for the grant itself, according to the footnotes.