Fulton Financial (FULT) SEVP nets shares after PSU vesting and new RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulton Financial Corporation SEVP Meg R. Mueller reported compensation-related share activity involving common stock, restricted stock units, and performance stock units. On May 1, 2026, she exercised 35,696.264 performance stock units and 130 restricted stock units into common shares, with 15,655.264 shares withheld to cover tax liabilities.
Following these transactions, she directly holds about 179,730.9903 shares of $2.50 par value common stock, including shares previously acquired through dividend reinvestment and 10 shares held jointly with her spouse. She also received a new grant of 5,514 restricted stock units that will cliff-vest three years from the grant date, bringing her total restricted stock unit holdings to 23,869.2952.
Positive
- None.
Negative
- None.
Insider Trade Summary
35,826.264 shares exercised/converted
Mixed
6 txns
Insider
Mueller Meg R
Role
SEVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 35,696.264 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 5,514 | $0.00 | -- |
| Exercise | Restricted Stock Units | 130 | $0.00 | -- |
| Exercise | $2.50 par value Common Stock | 35,696.264 | $0.00 | -- |
| Tax Withholding | $2.50 par value Common Stock | 130 | $21.62 | $3K |
| Tax Withholding | $2.50 par value Common Stock | 15,525.264 | $21.62 | $336K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct, null);
Restricted Stock Units — 23,869.295 shares (Direct, null);
$2.50 par value Common Stock — 179,730.99 shares (Direct, null)
Footnotes (1)
- Includes 1,018.773591 shares acquired on January 16, 2026 and 947.716754 shares acquired on April 16, 2026 pursuant to dividend reinvestment. Includes 10 shares held jointly with spouse. Represents shares withheld to cover the reporting person's tax liability. Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock. Reflects the earning and vesting of certain performance-based restricted stock units ("PSUs"), including accrued dividend equivalents, as of May 1, 2026. The PSUs were granted on May 1, 2023. The PSUs were earned and vested based upon Fulton Financial Corporation's level of achievement of total shareholder return, relative to a defined peer group, and net income goals during the applicable performance periods, as specified at the time of grant. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock. Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan. The restricted stock units cliff-vest three years from the grant date. Vested shares, together with accumulated dividend equivalents will be delivered to the reporting person three years from the grant date. Reflects the earning and vesting of certain restricted stock units to cover the reporting person's tax liability.
Key Figures
Performance stock units exercised: 35,696.264 units
Shares withheld for taxes: 15,655.264 shares
New RSU grant: 5,514.0000 units
+3 more
6 metrics
Performance stock units exercised
35,696.264 units
Converted into common stock on May 1, 2026
Shares withheld for taxes
15,655.264 shares
Tax-withholding dispositions on May 1, 2026
New RSU grant
5,514.0000 units
Restricted stock unit award granted May 1, 2026
Common shares held after transactions
179,730.9903 shares
Direct holdings after May 1, 2026 activity
RSUs held after transactions
23,869.2952 units
Restricted stock units outstanding after grants and vesting
Tax-withholding transactions
2 transactions
Form 4 code F, covering tax liabilities
Key Terms
dividend reinvestment, performance-based restricted stock unit, total shareholder return, restricted stock unit, +2 more
6 terms
dividend reinvestment financial
"shares acquired on January 16, 2026 and 947.716754 shares acquired on April 16, 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.
performance-based restricted stock unit financial
"Each performance-based restricted stock unit represents a contingent right to receive one share"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
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 three years from the grant date"
dividend equivalents financial
"Vested shares, together with accumulated dividend equivalents will be delivered"
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 did FULT executive Meg R. Mueller report in this Form 4 filing?
Meg R. Mueller reported vesting and exercise of performance and restricted stock units into common shares, related tax-withholding share dispositions, and a new grant of restricted stock units. These transactions reflect routine equity compensation activity rather than open-market buying or selling of Fulton Financial (FULT) stock.
How many Fulton Financial (FULT) performance stock units did Mueller exercise?
She exercised 35,696.264 performance stock units, each convertible into one share of common stock. The units were earned and vested based on total shareholder return and net income goals over specified performance periods, as defined in the original May 1, 2023 grant documentation.
What new restricted stock units did Meg R. Mueller receive from Fulton Financial (FULT)?
She received a grant of 5,514 restricted stock units under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan. These units cliff-vest three years from the May 1, 2026 grant date, with vested shares and dividend equivalents delivered at that time.
What is Meg R. Mueller’s remaining equity incentive position in FULT restricted stock units?
Following the earning, vesting, and new grant activity, she holds 23,869.2952 restricted stock units. Each unit represents a contingent right to receive one share of Fulton Financial common stock, along with associated dividend equivalents, subject to the specified vesting schedule and plan terms.