Fulton Financial EVP exercises PSUs, gets new RSUs

Fulton Financial Corp senior executive vice president Andrew B. Fiol reported routine equity compensation activity.

Rhea-AI Filing Summary

Fulton Financial Corp senior executive vice president Andrew B. Fiol reported routine equity compensation activity. On May 1, 2026, he exercised 34,272.381 performance stock units into common stock, fully settling this PSU award based on total shareholder return and net income performance goals.

To cover taxes on the vesting, 9,766.381 common shares were withheld by the company, not sold in the market. Fiol also received a new grant of 6,830 restricted stock units that cliff-vest three years from the grant date. Following these transactions, he directly holds 68,440.7641 common shares and 24,495.099 restricted stock units, along with prior small acquisitions through the Employee Stock Purchase Plan and dividend reinvestment.

Insider Trade Summary

34,272.381 shares exercised/converted

Exercise 5 txns

Insider Fiol Andrew B

Role Sr Executive Vice President

Type	Security	Shares	Price	Value
Exercise	Performance Stock Units	34,272.381	$0.00	$0.00
Grant/Award	Restricted Stock Units	6,830	$0.00	$0.00
Exercise	$2.50 par value Common Stock	34,272.381	$0.00	$0.00
Exercise Price or Tax Liability	$2.50 par value Common Stock	9,766.381	$21.62	$211K
Other	$2.50 par value Common Stock	179.6595	$19.645	$4K

Holdings After Transaction: Performance Stock Units — 0 contracts (Direct); Restricted Stock Units — 24,495.099 contracts (Direct); $2.50 par value Common Stock — 68,440.7641 shares (Direct)

Footnotes (9)

1. F1. Purchase made with cash in the Employee Stock Purchase Plan.
2. F2. Includes 405.473996 shares acquired on January 16, 2026 pursuant to dividend reinvestment.
3. F3. Includes 379.607433 acquired on April 16, 2026 pursuant to dividend reinvestment.
4. F4. Represents shares withheld to cover the reporting person's tax liability.
5. F5. Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock.
6. F6. 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.
7. F7. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock.
8. F8. Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.
9. F9. 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.

Key Figures

Performance stock units exercised: 34,272.381 units Shares withheld for taxes: 9,766.381 shares New RSU grant: 6,830.0000 units +4 more

7 metrics

Performance stock units exercised 34,272.381 units PSUs earned and vested as of May 1, 2026

Shares withheld for taxes 9,766.381 shares Common stock withheld to cover tax liability on May 1, 2026

New RSU grant 6,830.0000 units Restricted stock units granted May 1, 2026

Common shares after tax withholding 68,440.7641 shares Direct common stock holdings following May 1, 2026 transactions

RSU holdings after grant 24,495.0990 units Total restricted stock units held after May 1, 2026 grant

Restructuring-type transaction 179.6595 shares Other acquisition or disposition on March 12, 2026 (code J)

Tax-withholding price reference $21.6200 per share Price associated with shares withheld for tax liability

Key Terms

Restricted Stock Units, Performance Stock Units, Employee Stock Purchase Plan, dividend reinvestment, +2 more

6 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.

Performance Stock Units financial

"Reflects the earning and vesting of certain performance-based restricted stock units ("PSUs"), including accrued dividend equivalents, as of May 1, 2026."

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Employee Stock Purchase Plan financial

"Purchase made with cash in the Employee Stock Purchase Plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

dividend reinvestment financial

"Includes 405.473996 shares acquired on January 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.

total shareholder return financial

"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,"

Total shareholder return is the overall gain an investor gets from owning a stock, combining changes in the share price plus any cash payouts like dividends, and assuming those payouts are reinvested in more shares. Investors use it like a single score that shows the true return on their investment—similar to checking both the growth of a savings account and the interest earned—to compare how well different companies or investments perform over time.

cliff-vest financial

"The restricted stock units cliff-vest three years from the grant date."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did FULT executive Andrew B. Fiol report on this Form 4?

Andrew B. Fiol reported exercising performance stock units into common stock, a new restricted stock unit grant, and shares withheld for taxes. He also shows earlier small share acquisitions through the Employee Stock Purchase Plan and dividend reinvestment, reflecting routine equity compensation and reinvestment activity.

How many Fulton Financial (FULT) performance stock units did Fiol vest and convert?

Fiol vested and converted 34,272.381 performance stock units into common stock. These PSUs, granted on May 1, 2023, were earned based on total shareholder return versus a peer group and net income goals over specified performance periods, then settled in Fulton Financial common shares.

Were any Fulton Financial (FULT) shares sold on the open market in this filing?

The filing shows 9,766.381 common shares were withheld to cover Fiol’s tax liability, not sold on the open market. This tax-withholding disposition is a standard mechanism when equity awards vest and does not represent a discretionary market sale of shares.

What new restricted stock unit award did Andrew B. Fiol receive from FULT?

Fiol received a grant of 6,830 restricted stock units on May 1, 2026 under Fulton Financial’s 2022 Amended and Restated Equity and Cash Incentive Compensation Plan. These RSUs cliff-vest three years from the grant date, with vested shares and accumulated dividend equivalents delivered then.

What are Fiol’s Fulton Financial (FULT) holdings after these Form 4 transactions?

After the reported transactions, Fiol directly holds 68,440.7641 shares of Fulton Financial common stock and 24,495.099 restricted stock units. The derivative summary shows no remaining performance stock units, as the PSU award reflected in this filing has been fully earned and converted.

How were performance goals used in Fiol’s FULT performance stock unit vesting?

The performance stock units vested based on Fulton Financial’s level of total shareholder return relative to a defined peer group and on net income goals. Footnotes explain that these metrics during the applicable performance periods determined how many units were earned and ultimately converted into common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 03:57 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fiol Andrew B

(Last) (First) (Middle)

C/O FULTON FINANCIAL CORPORATION

P.O. BOX 4887, ONE PENN SQUARE

(Street)

LANCASTER PENNSYLVANIA 17602

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FULTON FINANCIAL CORP [ FULT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
$2.50 par value Common Stock	03/12/2026		J	V	179.6595(1)	A	$19.645	43,555.1567(2)	D
$2.50 par value Common Stock	05/01/2026		M		34,272.381	A	$0.00	78,207.1451(3)	D
$2.50 par value Common Stock	05/01/2026		F		9,766.381(4)	D	$21.62	68,440.7641	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units	(5)	05/01/2026		M			34,272.381	(6)	(6)	$2.50 par value Common Stock	34,272.381	$0.00	0.00	D
Restricted Stock Units	(7)(8)	05/01/2026		A		6,830		(9)	(9)	$2.50 par value Common Stock	6,830	$0.00	24,495.099	D

Explanation of Responses:

1. Purchase made with cash in the Employee Stock Purchase Plan.

2. Includes 405.473996 shares acquired on January 16, 2026 pursuant to dividend reinvestment.

3. Includes 379.607433 acquired on April 16, 2026 pursuant to dividend reinvestment.

4. Represents shares withheld to cover the reporting person's tax liability.

5. Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock.

6. 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.

7. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock.

8. Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.

9. 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.

Remarks:

	Steven R. Horst, as Attorney-in-Fact for Fiol, Andrew B.	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)