Fifth Third Bancorp (FITB) awards 14,496-share RSU grant to EVP King
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp granted equity compensation to a senior executive. EVP & Head of Regional Banking Darren J. King acquired 14,496 shares of common stock on a grant/award basis, with no cash consideration paid.
The award consists of Restricted Stock Units granted under the Fifth Third Bancorp Incentive Compensation Plan. These RSUs are scheduled to vest in three equal annual installments, beginning on the first anniversary of the grant date, aligning the executive’s compensation with long-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
King Darren J
Role
EVP & Head of Regional Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,496 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,496 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 did Fifth Third Bancorp (FITB) report in this Form 4 for Darren J. King?
Fifth Third Bancorp reported an equity award to Darren J. King. He received 14,496 shares of common stock through a grant under the company’s incentive compensation plan, recorded as a non-cash acquisition rather than an open-market purchase or sale.
What are the vesting terms of Darren J. King’s Restricted Stock Units at Fifth Third Bancorp (FITB)?
The RSUs vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, meaning the award is spread over three years, which encourages longer-term alignment between the executive’s interests and the company’s performance.
What role does Darren J. King hold at Fifth Third Bancorp (FITB) in this insider transaction?
Darren J. King serves as EVP & Head of Regional Banking. The Form 4 identifies him as an officer of the company, and the reported transaction reflects a stock-based compensation grant linked to that executive leadership role.
Is the insider transaction in Fifth Third Bancorp (FITB) common stock a buy or a grant?
The transaction is a grant/award acquisition, not an open-market buy. The Form 4 uses transaction code “A” and describes it as a grant or award, with no consideration paid, classifying it as equity compensation rather than a purchase.