FULT insider Wenger E. Philip executes 10b5-1 sale of 5,000 shares
Rhea-AI Filing Summary
Wenger E. Philip, a director of Fulton Financial Corporation (FULT), reported a sale of 5,000 shares on 09/12/2025 under a pre-established Rule 10b5-1 trading plan adopted June 13, 2025. The shares were sold through a broker-dealer at a weighted-average price of $19.2775, with prices in the range $19.200 to $19.320. The filing shows the reporting person retains indirect and direct holdings, including 90,477 shares held indirectly by an IRA and additional indirect holdings for children; it also discloses that 121,296.5261 shares are held jointly with the spouse. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/12/2025.
Positive
- Transaction executed under a Rule 10b5-1 trading plan, indicating pre-established and compliant disposition
- Full disclosure of weighted-average sale price and price range, enhancing transparency
- Detailed beneficial ownership breakdown including IRA, joint spousal holdings, and amounts attributed to children
Negative
- Director sold 5,000 shares, a reduction in insider holdings (sale price weighted-average $19.2775)
- Form executed by an attorney-in-fact rather than signed directly by the reporting person (signed by Mark A. Crowe)
Insights
TL;DR: Routine insider sale under a 10b5-1 plan; small, disclosed disposition with no additional guidance or new material facts.
The reported transaction is a straightforward sale of 5,000 common shares executed pursuant to a Rule 10b5-1 plan adopted June 13, 2025. The filing provides the weighted-average sale price and price range and affirms compliance with Section 16 reporting through a timely Form 4. There are no derivative transactions or amendments disclosed. From a trading-activity perspective, the report increases transparency about the director's liquidity but does not present new operational or financial information about the issuer.
TL;DR: Governance-wise this is a compliant, pre-planned disposition; the filing documents beneficial ownership details and joint holdings.
The Form 4 identifies the reporting person as a director and documents indirect ownership vehicles including an IRA and holdings attributed to children, plus joint ownership with a spouse. The sale was effected under a documented 10b5-1 plan, which supports adherence to insider trading policies. The presence of an attorney-in-fact signature indicates procedural handling of the filing. The report contains no indications of sudden or unexplained insider activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | $2.50 par value common stock | 5,000 | $19.2775 | $96K |
| holding | $2.50 par value common stock | -- | -- | -- |
| holding | $2.50 par value commons stock | -- | -- | -- |
Footnotes (1)
- The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2025. Represents the weighted average price of shares sold in multiple transactions through a broker-dealer at prices ranging from $19.200 to $19.320, inclusive. The reporting person undertakes to provide the Securities and Exchange Commission, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price. Includes 121,296.5261 shares held jointly with spouse.
