Fulton Financial director exercises 5,116.8383 RSUs
Fulton Financial Corp director E Philip Wenger reported equity compensation activity involving restricted stock units and common stock.
Rhea-AI Filing Summary
Fulton Financial Corp director E Philip Wenger reported equity compensation activity involving restricted stock units and common stock. He exercised 5,116.8383 restricted stock units at a price of $0.0000 per unit, receiving the same number of $2.50 par value common shares. He was also granted 4,222.0000 new restricted stock units, each representing a contingent right to one share of common stock. Following these transactions, he directly owns 583,918.8830 common shares, with additional indirect holdings of 80,477.0000 shares through an IRA and 459.6732 shares held for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,116.8383 shares exercised/converted
Exercise
5 txns
Insider
Wenger E Philip
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,116.8383 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 4,222 | $0.00 | $0.00 |
| Exercise | $2.50 par value Common Stock | 5,116.8383 | $0.00 | $0.00 |
| holding | $2.50 par value Common Stock | -- | -- | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,222 contracts (Direct);
$2.50 par value Common Stock — 583,918.883 shares (Direct);
$2.50 par value Common Stock — 459.6732 shares (Indirect, By Children);
$2.50 par value Common Stock — 80,477 shares (Indirect, By IRA)
Footnotes (5)
- F1. Includes 120,996.5261 shares held jointly with spouse.
- F2. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock, $2.50 par value per share.
- F3. Represents 4,928 restricted stock units granted to the reporting person on June 1, 2025, together with 188.838338 accumulated dividend equivalents, for which the forfeiture restrictions lapsed on June 1, 2026. The common stock into which the restricted stock units were converted is reported in Table I of this Form 4.
- F4. The restricted stocks 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.
- F5. 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.
Key Figures
RSUs exercised: 5,116.8383 units
RSUs granted: 4,222.0000 units
Direct common shares after transactions: 583,918.8830 shares
+4 more
7 metrics
RSUs exercised
5,116.8383 units
Restricted stock units converted to common stock on 2026-06-01
RSUs granted
4,222.0000 units
New restricted stock unit award on 2026-06-01
Direct common shares after transactions
583,918.8830 shares
Common stock held directly following Form 4 transactions
IRA-held shares
80,477.0000 shares
Indirect ownership through IRA after 2026-06-01
Children’s account shares
459.6732 shares
Indirect ownership held for children after 2026-06-01
Jointly held shares with spouse
120,996.5261 shares
Included in reported holdings as noted in footnote
RSU price per unit
$0.0000 per unit
Reported transaction price for RSU grant and exercise
Key Terms
Restricted Stock Units, dividend equivalents, forfeiture restrictions, Amended and Restated 2023 Director Equity Plan
4 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.
dividend equivalents financial
"together with 188.838338 accumulated dividend equivalents, for which the forfeiture restrictions lapsed"
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.
forfeiture restrictions financial
"for which the forfeiture restrictions lapsed on June 1, 2026"
Amended and Restated 2023 Director Equity Plan financial
"earlier in accordance with the Fulton Financial Corporation Amended and Restated 2023 Director Equity Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did E Philip Wenger report at FULT?
E Philip Wenger reported exercising 5,116.8383 restricted stock units into Fulton Financial common stock and receiving a grant of 4,222.0000 new restricted stock units. These actions reflect equity compensation rather than open-market buying or selling activity.
What restricted stock unit activity was disclosed for FULT’s director?
The filing shows a grant of 4,222.0000 restricted stock units to E Philip Wenger and the exercise of 5,116.8383 restricted stock units. Each unit represents a contingent right to receive one Fulton Financial common share with $2.50 par value per share.
Were any open-market buys or sells reported in this Fulton Financial Form 4?
No open-market purchases or sales were reported. The Form 4 reflects equity compensation activity: the grant of restricted stock units and the exercise or conversion of previously awarded units into Fulton Financial common stock at a stated price of $0.0000 per unit.
How are dividend equivalents treated in E Philip Wenger’s RSU awards at FULT?
Footnotes explain that certain restricted stock units included 188.838338 accumulated dividend equivalents. These dividend equivalents converted into additional common stock when forfeiture restrictions lapsed, with the resulting shares reported in the non-derivative common stock table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
