FIFTH THIRD BANCORP (FITB) director granted 2,838 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akins Nicholas K reported acquisition or exercise transactions in this Form 4 filing.
FIFTH THIRD BANCORP director Nicholas K. Akins received a grant of 2,838 restricted stock units of Common Stock as board compensation. The units were granted for no cash consideration under the Fifth Third Bancorp Incentive Compensation Plan and will vest when his service on the Board ends.
Following this award and additional units from dividend reinvestments since his prior report, Akins holds a total of 82,558.721 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Akins Nicholas K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,838 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 82,558.721 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
RSU grant size: 2,838 restricted stock units
Price per unit: $0.0000 per share
Total RSUs held after grant: 82,558.721 units
3 metrics
RSU grant size
2,838 restricted stock units
Award to director Nicholas K. Akins on April 21, 2026
Price per unit
$0.0000 per share
No consideration paid for RSU grant
Total RSUs held after grant
82,558.721 units
Direct holdings following the reported transaction
Key Terms
restricted stock units, 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.
Incentive Compensation Plan financial
"Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan"
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
dividend reinvestments financial
"Includes additional restricted stock units acquired pursuant to dividend reinvestments"
FAQ
What insider transaction did FIFTH THIRD BANCORP (FITB) disclose for Nicholas K. Akins?
FIFTH THIRD BANCORP reported that director Nicholas K. Akins received 2,838 restricted stock units of Common Stock. The grant was made under the company’s Incentive Compensation Plan as part of board compensation, with no cash paid by Akins for the award.
Was Nicholas K. Akins’ Form 4 transaction in FITB stock a market purchase or sale?
The Form 4 shows a grant of 2,838 restricted stock units to Nicholas K. Akins, not an open-market purchase or sale. These units were awarded as compensation under the Incentive Compensation Plan, with a reported price per share of $0.0000 and no consideration paid.
How many FIFTH THIRD BANCORP restricted stock units does Nicholas K. Akins hold after this grant?
After the reported grant, Nicholas K. Akins holds 82,558.721 restricted stock units directly. This total includes the new 2,838-unit award as well as additional restricted stock units accumulated through dividend reinvestments since his previous ownership report filed with regulators.
What are the vesting conditions for Nicholas K. Akins’ new restricted stock units in FITB?
The 2,838 restricted stock units granted to Nicholas K. Akins vest when his service on FIFTH THIRD BANCORP’s Board of Directors ceases. Until that time, the units remain subject to the terms of the company’s Incentive Compensation Plan, including applicable service conditions.
Did Nicholas K. Akins pay any consideration for his new FIFTH THIRD BANCORP restricted stock units?
According to the disclosure, Nicholas K. Akins paid no consideration for the 2,838 restricted stock units. The award was granted under FIFTH THIRD BANCORP’s Incentive Compensation Plan as part of director compensation, with a reported transaction price of $0.0000 per share.