Fulton Financial (FULT) SEVP exercises performance units, receives new RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulton Financial Corporation executive Angela M. Sargent, SEVP & Chief Information Officer, reported multiple equity compensation events involving the company’s $2.50 par value common stock on May 1, 2026.
She exercised 29,156.7553 performance stock units, converting them into an equal number of common shares at a stated price of $0.0000 per share. In connection with this vesting, 10,975.7553 shares of common stock were withheld to cover her tax liability. Following these transactions, she directly owned 156,442.9576 common shares.
Sargent also received a new award of 4,568 restricted stock units, each representing a contingent right to one share of common stock, which cliff-vest three years from the grant date. After this grant, she held 19,923.3292 restricted stock units and had an additional 1,106.3279 common shares held indirectly through a child’s account, including shares accumulated via dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
29,156.755 shares exercised/converted
Mixed
5 txns
Insider
Sargent Angela M
Role
SEVP & Chief Info Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 29,156.755 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,568 | $0.00 | -- |
| Exercise | $2.50 par value Common Stock | 29,156.755 | $0.00 | -- |
| Tax Withholding | $2.50 par value Common Stock | 10,975.755 | $21.62 | $237K |
| holding | $2.50 par value Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct, null);
Restricted Stock Units — 19,923.329 shares (Direct, null);
$2.50 par value Common Stock — 156,442.958 shares (Direct, null);
$2.50 par value Common Stock — 1,106.328 shares (Indirect, By Child)
Footnotes (1)
- Includes 1,179.59097 shares acquired on January 16, 2026 and 1,099.78486 shares acquired on April 16, 2026 pursuant to dividend reinvestment. Represents shares withheld to cover the reporting person's tax liability. Includes 10.3823 shares acquired on January 20, 2026 and 9.6223 shares acquired on April 20, 2026 pursuant to dividend reinvestment. Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock. 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. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock. Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan. 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: 29,156.7553 shares
Shares withheld for taxes: 10,975.7553 shares
New RSU grant: 4,568.0000 units
+3 more
6 metrics
Performance stock units exercised
29,156.7553 shares
Common stock received from PSUs on May 1, 2026
Shares withheld for taxes
10,975.7553 shares
Common stock withheld to cover tax liability
New RSU grant
4,568.0000 units
Restricted stock units granted May 1, 2026
Direct common shares after transactions
156,442.9576 shares
Direct ownership of common stock following Form 4 events
RSUs outstanding after grant
19,923.3292 units
Restricted stock units held after May 1, 2026 grant
Indirect common shares by child
1,106.3279 shares
Indirect ownership through child’s account including reinvested dividends
Key Terms
Restricted Stock Units, Performance Stock Units, dividend reinvestment, tax liability, +1 more
5 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
"Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock."
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.
dividend reinvestment financial
"Includes 1,179.59097 shares acquired on January 16, 2026 and 1,099.78486 shares acquired on April 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.
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."
FAQ
What did FULT executive Angela Sargent report in this Form 4?
Angela M. Sargent reported equity compensation activity, including exercising performance stock units into common shares, a grant of new restricted stock units, and shares withheld to cover tax obligations, all involving Fulton Financial Corp’s $2.50 par value common stock.
What new restricted stock units did Angela Sargent receive from FULT?
Angela Sargent received a grant of 4,568 restricted stock units, each representing a contingent right to one Fulton Financial common share. These units cliff-vest three years from the May 1, 2026 grant date, with vested shares and dividend equivalents delivered at that time.
What are Angela Sargent’s Fulton Financial (FULT) holdings after these transactions?
After the reported transactions, Angela Sargent directly held 156,442.9576 Fulton Financial common shares and 19,923.3292 restricted stock units. She also had 1,106.3279 common shares held indirectly through a child’s account, including shares accumulated through dividend reinvestment.
How were dividend reinvestments reflected in Angela Sargent’s FULT holdings?
Dividend reinvestment increased both direct and indirect holdings. Indirectly, her child’s account included 1,179.59097 shares acquired January 16, 2026 and 1,099.78486 shares acquired April 16, 2026. Directly, 10.3823 shares and 9.6223 shares were acquired on January 20 and April 20, 2026, respectively.