Fulton Financial (FULT) director awarded 4,222 RSUs and converts units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulton Financial Corporation director Michael F. Shirk reported equity compensation activity in company stock. He received a grant of 4,222 restricted stock units, each representing a right to one share of $2.50 par value common stock. Separately, 4,928 previously granted restricted stock units plus 188.838338 dividend-equivalent units, for a total of 5,116.8383 units, converted into common shares as forfeiture restrictions lapsed.
Following these transactions, Shirk directly holds 25,038.2342 shares of Fulton Financial common stock. He also has indirect holdings, including 3,000 common shares through Tipararee, LLC, 2,756 shares in a spouse SEP account, 37,608 shares in the JOS Credit Shelter Trust, and 10,551.0216 shares held for his children, along with 3,000 preferred depository shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,116.838 shares exercised/converted
Mixed
8 txns
Insider
Shirk Michael F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,116.838 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,222 | $0.00 | -- |
| Exercise | $2.50 par value Common Stock | 5,116.838 | $0.00 | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
| holding | Depository shares-Non-Cumulative Perpetual Preferred Ser A | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
$2.50 par value Common Stock — 25,038.234 shares (Direct, null);
$2.50 par value Common Stock — 10,551.022 shares (Indirect, By Children);
Depository shares-Non-Cumulative Perpetual Preferred Ser A — 3,000 shares (Direct, null)
Footnotes (1)
- Includes 89.969804 shares acquired on January 15, 2026 and 83.883101 shares acquired on April 15, 2026 pursuant to dividend reinvestment. Includes 99.0166 shares acquired on January 20, 2026 and 91.7691 shares acquired on April 20, 2026 pursuant to dividend reinvestment. Shares held joint with spouse. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock, $2.50 par value per share. Represents 4,928 restricted stock units granted to the reporting person on June 1, 2025, together with 188.838338 accumulated dividend equivalents, for which the forfeiture restrictions lapsed on June 1, 2026. The common stock into which the restricted stock units were converted is reported in Table I of this Form 4. The restricted stocks units, together with accumulated dividend equivalents, will convert to common stock on the first anniversary of the date of the grant or, at the election of the reporting person, in up to three equal annual installments beginning in January of the year following the year in which the reporting person retires or separates from the Fulton Financial Corporation Board of Directors. Forfeiture restrictions lapse on the restricted stock units on the first anniversary of the date of grant, or earlier in accordance with the Fulton Financial Corporation Amended and Restated 2023 Director Equity Plan.
Key Figures
New RSU grant: 4,222 units
RSUs converted: 5,116.8383 units
Direct common holdings: 25,038.2342 shares
+5 more
8 metrics
New RSU grant
4,222 units
Restricted stock units granted to director on June 1, 2026
RSUs converted
5,116.8383 units
Previously granted RSUs plus dividend equivalents converted to common stock
Direct common holdings
25,038.2342 shares
Director’s directly held Fulton Financial common stock after transactions
Tipararee, LLC holdings
3,000 shares
Indirect common stock held through Tipararee, LLC
Spouse SEP account
2,756 shares
Indirect common stock held in spouse SEP account
Credit Shelter Trust holdings
37,608 shares
Indirect common stock held by JOS Credit Shelter Trust
Children’s holdings
10,551.0216 shares
Indirect common stock held for children
Preferred depository shares
3,000 shares
Depository shares of Non-Cumulative Perpetual Preferred Series A held directly
Key Terms
Restricted Stock Units, dividend reinvestment, Credit Shelter Trust, Amended and Restated 2023 Director Equity Plan, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock"
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.
dividend reinvestment financial
"shares acquired on January 15, 2026 and April 15, 2026 pursuant to dividend reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Credit Shelter Trust financial
"By JOS Credit Shelter Trust"
Amended and Restated 2023 Director Equity Plan financial
"in accordance with the Fulton Financial Corporation Amended and Restated 2023 Director Equity Plan"
dividend equivalents financial
"together with 188.838338 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.
FAQ
What insider activity did Fulton Financial (FULT) report for Michael F. Shirk?
Director Michael F. Shirk reported equity compensation activity, including a new grant of 4,222 restricted stock units and the conversion of 5,116.8383 previously granted units into Fulton Financial common stock as forfeiture restrictions lapsed.
How many restricted stock units did Michael F. Shirk receive from Fulton Financial (FULT)?
Michael F. Shirk received 4,222 restricted stock units. Each unit represents a contingent right to one share of Fulton Financial Corporation common stock, granted under the company’s director equity plan with forfeiture restrictions that lapse after the first anniversary of the grant date.
What happened to Michael F. Shirk’s previously granted RSUs at Fulton Financial (FULT)?
Previously granted RSUs totaling 4,928 units plus 188.838338 dividend-equivalent units, or 5,116.8383 in all, converted into Fulton Financial common stock when forfeiture restrictions lapsed on June 1, 2026, increasing his directly held common share position.
What indirect holdings in Fulton Financial (FULT) stock are associated with Michael F. Shirk?
Indirect holdings include 3,000 common shares via Tipararee, LLC, 2,756 shares in a spouse SEP account, 37,608 shares in the JOS Credit Shelter Trust, and 10,551.0216 shares held for his children, as disclosed in the ownership details.
Does the Fulton Financial (FULT) filing mention dividend reinvestment for Michael F. Shirk?
Yes. Footnotes note that small incremental common share amounts were acquired in January and April 2026 through dividend reinvestment programs, contributing to his total reported holdings but not representing separate open-market share purchases.