Fulton Financial (NASDAQ: FULT) SVP exercises stock units, withholds shares for tax obligations
Rhea-AI Filing Summary
Fulton Financial Corp senior executive Bernadette M. Taylor reported compensation-related stock transactions involving performance and restricted stock units. On May 1, 2026, she exercised performance-based and other stock units to acquire common shares, then had shares withheld to satisfy tax obligations.
The filing shows derivative exercises totaling about 24,083 common shares and tax-withholding dispositions of about 9,568 shares, with no open-market buying or selling. Taylor also received a new grant of 3,918 restricted stock units that cliff-vest three years from the grant date, and now directly holds roughly 87,000 common shares, including shares held jointly with her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 14,422 shares
Net Buy
6 txns
Insider
Taylor Bernadette M
Role
Sr Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 23,990.1005 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 3,918 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 93 | $0.00 | $0.00 |
| Exercise | $2.50 par value Common Stock | 23,990.1005 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $2.50 par value Common Stock | 93 | $21.62 | $2K |
| Exercise Price or Tax Liability | $2.50 par value Common Stock | 9,475.1005 | $21.62 | $205K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Restricted Stock Units — 16,272.4179 shares (Direct);
$2.50 par value Common Stock — 77,468.4374 shares (Direct)
Footnotes (8)
- F1. Includes 62,880 shares held jointly with spouse.
- F2. Represents shares withheld to cover the reporting person's tax liability.
- F3. Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock.
- F4. 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.
- F5. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock.
- F6. Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.
- F7. 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.
- F8. Reflects the earning and vesting of certain restricted stock units to cover the reporting person's tax liability.
Key Figures
Derivative exercises: 24,083.1005 shares
Tax-withholding shares: 9,568.1005 shares
New RSU grant: 3,918.0000 units
+3 more
6 metrics
Derivative exercises
24,083.1005 shares
Total exerciseShares across M-code transactions on May 1, 2026
Tax-withholding shares
9,568.1005 shares
Shares withheld to cover tax liabilities (F-code transactions)
New RSU grant
3,918.0000 units
Restricted stock unit award granted May 1, 2026
Common shares after transactions
86,943.5379 shares
Total shares following the second F-code common stock transaction
RSU holdings after grant
16,365.4179 units
Total restricted stock units following A-code derivative transaction
Jointly held shares
62,880 shares
Common shares held jointly with spouse included in reported holdings
Key Terms
Restricted stock units, Performance-based restricted stock units ("PSUs"), Tax liability, Total shareholder return, +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-based restricted stock units ("PSUs") financial
"Reflects the earning and vesting of certain performance-based restricted stock units ("PSUs"), including accrued dividend equivalents, as of May 1, 2026."
Tax liability financial
"Represents shares withheld to cover the reporting person's tax liability."
Cliff-vest financial
"The restricted stock units cliff-vest three years from the grant date."
Dividend equivalents financial
"Reflects the earning and vesting of certain performance-based restricted stock units ("PSUs"), including accrued dividend equivalents, as of May 1, 2026."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did FULT executive Bernadette Taylor report in this Form 4?
Bernadette Taylor reported exercises of performance and restricted stock units into Fulton Financial common stock, plus shares withheld to cover tax liabilities. She also received a new grant of restricted stock units that will cliff-vest three years from the May 1, 2026 grant date.
Were Bernadette Taylor’s FULT transactions open-market buys or sales?
The reported transactions were not open-market trades. They were exercises of performance and restricted stock units and tax-withholding dispositions. Code F entries reflect shares withheld to cover her tax liability, rather than discretionary sales into the open market.
What new equity award did Bernadette Taylor receive from FULT?
Taylor received a grant of 3,918 restricted stock units under Fulton Financial’s 2022 Amended and Restated Equity and Cash Incentive Compensation Plan. Each unit represents a right to one common share and will cliff-vest three years from the May 1, 2026 grant date.
How were FULT performance stock units earned and vested for Taylor?
The performance-based restricted stock units earned and vested based on Fulton Financial’s total shareholder return versus a peer group and net income goals. These performance criteria, set at the May 1, 2023 grant date, determined how many units converted into common shares on May 1, 2026.