Fulton Financial (FULT) director granted 4,222 restricted stock units and now holds 43,967.09 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulton Financial Corp director Scott Andrew Snyder reported a grant of 4,222 restricted stock units (RSUs). These RSUs each represent a right to receive one share of $2.50 par value common stock.
The RSUs, including accumulated dividend equivalents, will convert to common stock on the first anniversary of the grant date, or in up to three equal annual installments after Snyder retires or leaves the board, depending on his election. Forfeiture restrictions lapse on the first anniversary or earlier under the company’s Amended and Restated 2023 Director Equity Plan. Following this award, Snyder holds 6,540 common shares directly and 43,967.09 RSUs and related deferred units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Snyder Scott Andrew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,222 | $0.00 | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 43,967.09 shares (Direct, null);
$2.50 par value Common Stock — 6,540 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock, $2.50 par value per share. 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. 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. Includes restricted stock units, together with accumulated dividend equivalents, for which the forfeiture restrictions have lapsed and the reporting person has made an election to defer the conversion to common stock until after the reporting person retires or separates from the Fulton Financial Corporation Board of Directors. Dividend equivalents continue to accumulate during the deferral period.
Key Figures
RSUs granted: 4,222 units
RSUs after grant: 43,967.09 units
Common shares held: 6,540 shares
+1 more
4 metrics
RSUs granted
4,222 units
Restricted stock unit award to director on 2026-06-01
RSUs after grant
43,967.09 units
Total restricted stock units and related deferred units after transactions
Common shares held
6,540 shares
Direct common stock holdings following reported transactions
Par value
$2.50 per share
Par value of Fulton Financial common stock underlying RSUs
Key Terms
restricted stock unit, dividend equivalents, forfeiture restrictions, Amended and Restated 2023 Director Equity Plan, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock, $2.50 par value per share."
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 equivalents financial
"The restricted stocks units, together with accumulated dividend equivalents, will convert to common stock on the first anniversary of the date of the grant"
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
"Forfeiture restrictions lapse on the restricted stock units on the first anniversary of the date of grant"
Amended and Restated 2023 Director Equity Plan financial
"or earlier in accordance with the Fulton Financial Corporation Amended and Restated 2023 Director Equity Plan."
deferral financial
"the reporting person has made an election to defer the conversion to common stock until after the reporting person retires or separates"
FAQ
What insider transaction did FULT director Scott Snyder report?
Scott Snyder reported receiving a grant of 4,222 restricted stock units. Each unit represents a future right to one share of Fulton Financial common stock under the company’s director equity plan, subject to vesting and forfeiture conditions described in the filing.
When do Scott Snyder’s new FULT restricted stock units vest and convert?
The restricted stock units generally vest and lose forfeiture restrictions on the first anniversary of the grant date. They then convert to common stock either at that time or in up to three annual installments after Snyder retires or leaves the board, depending on his election.
How many Fulton Financial RSUs does Scott Snyder hold after this Form 4?
After this grant, Scott Snyder holds 43,967.09 restricted stock units and deferred units. This total includes the newly awarded 4,222 units plus previously accumulated RSUs and associated dividend equivalents, some of which are deferred until after his board service ends.
What are dividend equivalents on FULT restricted stock units?
Dividend equivalents are additional units that mirror cash dividends paid on common shares. For Snyder’s RSUs, these dividend equivalents accumulate over time and are included in the total RSU balance, continuing to accrue even during any elected deferral period before conversion to stock.
What flexibility does Scott Snyder have in timing RSU conversion at FULT?
Snyder can elect to defer conversion of vested RSUs into common stock. He may choose to convert them in up to three equal annual installments beginning in January of the year after he retires or separates from the Fulton Financial board, as outlined in the plan.