Fulton Financial exec exercises awards, gets RSUs
Fulton Financial Corp senior executive Josephine E. Mauriello reported routine equity compensation activity.
Rhea-AI Filing Summary
Fulton Financial Corp senior executive Josephine E. Mauriello reported routine equity compensation activity. She exercised derivative awards to acquire 3,600.8399 shares of $2.50 par value common stock and had 1,302.8399 shares withheld to cover tax liabilities, a non-market disposition. Following these transactions, she directly holds 8,891.0642 common shares. She also received a new grant of 5,232 restricted stock units, which each represent a right to one common share and will cliff-vest three years from the May 1, 2026 grant date under the company’s 2022 equity and cash incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,600.8399 shares exercised/converted
Exercise
4 txns
Insider
Mauriello Josephine E
Role
SEVP Head of Consumer Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,600.8399 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 5,232 | $0.00 | $0.00 |
| Exercise | $2.50 par value Common Stock | 3,600.8399 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $2.50 par value Common Stock | 1,302.8399 | $21.62 | $28K |
Holdings After Transaction:
Restricted Stock Unit — 11,698.8467 contracts (Direct);
$2.50 par value Common Stock — 7,588.2243 shares (Direct)
Footnotes (6)
- F1. Includes 49.025587 shares acquired on January 16, 2026 and 45.7090 shares acquired on April 16, 2026 pursuant to dividend reinvestment.
- F2. Represents shares withheld to cover the reporting person's tax liability.
- F3. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock.
- F4. Reflects the earning and vesting of certain restricted stock units ("RSUs"), including the accrued dividend equivalents, as of May 1, 2026. The RSUs were granted on May 1, 2023.
- F5. Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.
- F6. 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
Common shares acquired by exercise: 3,600.8399 shares
Shares withheld for taxes: 1,302.8399 shares
Withholding price: $21.6200 per share
+3 more
6 metrics
Common shares acquired by exercise
3,600.8399 shares
Exercise of derivative security on May 1, 2026
Shares withheld for taxes
1,302.8399 shares
Tax-withholding disposition at $21.6200 per share
Withholding price
$21.6200 per share
Value used for tax-liability share withholding
Common shares held after transactions
8,891.0642 shares
Direct holdings after May 1, 2026 transactions
New RSU grant size
5,232.0000 units
Restricted stock units granted May 1, 2026
RSU vesting period
3 years
Cliff-vest three years from May 1, 2026 grant date
Key Terms
Restricted stock unit, dividend reinvestment, cliff-vest, dividend equivalents, +1 more
5 terms
Restricted stock unit financial
"Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend reinvestment financial
"Includes 49.025587 shares acquired on January 16, 2026 and 45.7090 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.
cliff-vest financial
"The restricted stock units cliff-vest three years from the grant date."
dividend equivalents financial
"Vested shares, together with accumulated dividend equivalents will be delivered to the reporting person three years from the grant date."
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.
Equity and Cash Incentive Compensation Plan financial
"Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FULT executive Josephine Mauriello report?
She reported exercising derivative awards for 3,600.8399 common shares and a tax-withholding disposition of 1,302.8399 shares. She also received 5,232 restricted stock units, which represent future rights to Fulton Financial common stock under the company’s compensation plan.
Did the FULT insider Form 4 show an open-market stock sale?
No, the disposition involved 1,302.8399 shares withheld for tax liabilities, not an open-market sale. This type of transaction is a standard mechanism when equity awards vest and does not reflect a discretionary decision to sell shares into the market.
What restricted stock unit grant did the FULT executive receive?
She was granted 5,232 restricted stock units on May 1, 2026 under the 2022 Amended and Restated Equity and Cash Incentive Compensation Plan. Each unit represents a contingent right to one share of common stock and will cliff-vest three years from the grant date.
When will the newly granted FULT restricted stock units vest and be delivered?
The 5,232 restricted stock units cliff-vest three years from the May 1, 2026 grant date. Vested shares, together with accumulated dividend equivalents, will be delivered to the reporting person three years from the grant date, according to the compensation plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
