Fulton Financial (FULT) EVP settles PSU award and receives new RSU grant
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 24,685.6595 shares
Net Buy
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 shares (Direct);
Restricted Stock Units — 24,495.099 shares (Direct);
$2.50 par value Common Stock — 68,440.7641 shares (Direct)
Footnotes (9)
- F1. Purchase made with cash in the Employee Stock Purchase Plan.
- F2. Includes 405.473996 shares acquired on January 16, 2026 pursuant to dividend reinvestment.
- F3. Includes 379.607433 acquired on April 16, 2026 pursuant to dividend reinvestment.
- F4. Represents shares withheld to cover the reporting person's tax liability.
- F5. Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock.
- 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.
- F7. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock.
- F8. Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.
- 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.
cliff-vest financial
"The restricted stock units cliff-vest three years from the grant date."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.
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.