Director at Fifth Third (NASDAQ: FITB) granted 2,838 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Heminger Gary R. reported acquisition or exercise transactions in this Form 4 filing.
FIFTH THIRD BANCORP director Gary R. Heminger received an equity grant of 2,838 common shares. The award was granted at a price of $0.00 per share under the Fifth Third Bancorp Incentive Compensation Plan.
The footnotes explain these are restricted stock units that vest when his service on the Board of Directors ends, aligning compensation with long-term board tenure. After this grant, Heminger directly holds a total of 162,354 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Heminger Gary R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,838 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 162,354 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.
Key Figures
Equity award size: 2,838 shares
Grant price: $0.00 per share
Total holdings after grant: 162,354 shares
3 metrics
Equity award size
2,838 shares
Restricted stock unit grant on April 21, 2026
Grant price
$0.00 per share
Award under Fifth Third Bancorp Incentive Compensation Plan
Total holdings after grant
162,354 shares
Common stock directly owned following the transaction
Key Terms
restricted stock units, Incentive Compensation Plan, vesting, Board of Directors
4 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.
vesting financial
"subject to vesting upon cessation of the reporting person's service on the Board of Directors"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Board of Directors financial
"cessation of the reporting person's service on the Board of Directors of the Issuer"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Fifth Third Bancorp (FITB) director Gary R. Heminger report on this Form 4?
Gary R. Heminger reported receiving 2,838 shares of Fifth Third Bancorp common stock as an equity award. The grant was made at $0.00 per share under the company’s Incentive Compensation Plan, increasing his directly held position to 162,354 shares after the transaction.
Was Gary R. Heminger’s FITB stock transaction a market purchase or sale?
The transaction was not a market purchase or sale; it was a grant classified as an acquisition. Heminger received 2,838 restricted stock units at no cost under the Incentive Compensation Plan, so no open-market buying or selling of Fifth Third Bancorp shares occurred here.
When do Gary R. Heminger’s newly granted restricted stock units in FITB vest?
The footnotes state the restricted stock units vest upon the cessation of Heminger’s service on Fifth Third Bancorp’s Board of Directors. This means the grant is tied to the duration of his board service, encouraging long-term alignment with the company and its shareholders.
What is Gary R. Heminger’s total Fifth Third Bancorp ownership after this Form 4 transaction?
After receiving the 2,838-share equity grant, Heminger directly holds 162,354 shares of Fifth Third Bancorp common stock. This total reflects his position following the reported award and indicates his ongoing equity stake as a member of the company’s Board of Directors.