Fulton Financial (FULT) director awarded 4,222 RSUs and now holds 11,938 shares
Rhea-AI Filing Summary
Fulton Financial Corp director Lisa Crutchfield received a grant of 4,222 restricted stock units (RSUs) on Fulton Financial common stock. Each RSU represents the right to receive one share of $2.50 par value common stock. The grant is compensation-related rather than an open-market trade.
The RSUs, together with accumulated dividend equivalents, will convert into common shares on the first anniversary of the grant date or, at her election, in up to three equal annual installments after she retires or leaves the board. Forfeiture restrictions lapse on the first anniversary or earlier under the company’s 2023 Director Equity Plan. After these transactions, she directly holds 11,938 common shares and 43,967.09 RSUs (including deferred units with continuing dividend equivalents).
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,222 | $0.00 | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock, $2.50 par value per share. The restricted stock 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. Includes restricted stock units, together with accumulated dividend equivalents, for which the forfeiture restrictions have lapsed and the reporting person has made an election to defer the conversion to common stock until after the reporting person retires or separates from the Fulton Financial Corporation Board of Directors. Dividend equivalents continue to accumulate during the deferral period.