Fulton Financial SVP reports initial share holdings
Fulton Financial Corporation senior executive vice president Karen Grafje filed a Form 3 reporting her existing equity holdings in the company.
Rhea-AI Filing Summary
Fulton Financial Corporation senior executive vice president Karen Grafje filed a Form 3 reporting her existing equity holdings in the company. She holds 3,951.5236 shares of $2.50 par value common stock directly, plus multiple restricted stock unit awards that each represent a right to receive one share of common stock.
The restricted stock units cliff-vest 36 months from their respective grant dates, with vested shares delivered 36 months after grant. Several awards were granted between May 1, 2024 and May 1, 2026 under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan, including accumulated dividend equivalents where noted.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Grafje Karen
Role
Sr Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,292.0758 contracts (Direct);
Restricted Stock Unit — 2,782 contracts (Direct);
$2.50 par value Common Stock — 3,951.5236 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock.
- F2. The restricted stock units cliff-vest 36 months from the grant date. Vested shares will be delivered to the reporting person 36 months from the grant date.
- F3. Restricted stock unit award granted May 1, 2024 under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan, together with accumulated dividend equivalents.
- F4. Restricted stock unit award granted September 3, 2024 under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan, together with accumulated dividend equivalents.
- F5. Restricted stock unit award granted May 1, 2025 under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan, together with accumulated dividend equivalents.
- F6. Restricted stock unit award granted May 1, 2026 under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.
Key Figures
Direct common stock holding: 3,951.5236 shares
RSU block 1 underlying shares: 2,782.0000 shares
RSU block 2 underlying shares: 1,486.0000 shares
+5 more
8 metrics
Direct common stock holding
3,951.5236 shares
Shares of $2.50 par value common stock held directly after reported holdings
RSU block 1 underlying shares
2,782.0000 shares
Underlying common shares for a Restricted Stock Unit position held directly
RSU block 2 underlying shares
1,486.0000 shares
Underlying common shares for a Restricted Stock Units position held directly
RSU block 3 underlying shares
2,762.9810 shares
Underlying common shares for another Restricted Stock Units position
RSU block 4 underlying shares
1,390.6943 shares
Underlying common shares for a further Restricted Stock Units position
RSU block 5 underlying shares
2,652.4005 shares
Underlying common shares for an additional Restricted Stock Units position
RSU vesting schedule
36 months
Cliff-vesting period from grant date for restricted stock units
Grant dates range
May 1, 2024–May 1, 2026
Range of RSU grant dates disclosed for awards under 2022 plan
Key Terms
Restricted Stock Unit, cliff-vest, dividend equivalents, Equity and Cash Incentive Compensation Plan, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
cliff-vest financial
"The restricted stock units cliff-vest 36 months from the grant date."
dividend equivalents financial
"Restricted stock unit award granted May 1, 2024 under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan, together with accumulated dividend equivalents."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Equity and Cash Incentive Compensation Plan financial
"Restricted stock unit award granted May 1, 2024 under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan, together with accumulated dividend equivalents."
par value Common Stock financial
"$2.50 par value Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FULT senior executive Karen Grafje report on her Form 3?
Karen Grafje reported her existing ownership of Fulton Financial Corporation equity. The filing shows 3,951.5236 common shares held directly and several restricted stock unit awards that each convert into common stock after vesting under the company’s 2022 incentive plan.
What restricted stock units does Karen Grafje hold in FULT?
The Form 3 lists multiple restricted stock unit positions with underlying common stock, including blocks of 2,782.0000 and 1,486.0000 underlying shares. Additional RSU awards reference 2,762.9810, 1,390.6943 and 2,652.4005 underlying common shares, all held on a direct basis.
How do Karen Grafje’s FULT restricted stock units vest?
Each restricted stock unit represents a contingent right to one share of Fulton Financial common stock. According to the filing, these units cliff-vest 36 months from the grant date, and vested shares are scheduled to be delivered 36 months from the same grant date.
When were Karen Grafje’s FULT RSU awards granted?
The filing notes several RSU grants for Karen Grafje. Awards were granted on May 1, 2024, September 3, 2024, May 1, 2025 and May 1, 2026 under Fulton Financial Corporation’s 2022 Amended and Restated Equity and Cash Incentive Compensation Plan, with some including accumulated dividend equivalents.
Under what plan were Karen Grafje’s FULT RSUs issued?
Karen Grafje’s restricted stock unit awards were issued under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan. The filing explains these awards may include accumulated dividend equivalents and convert into common stock upon satisfaction of the vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
