Fulton Financial director awarded 4,222 RSUs
Fulton Financial Corp director Scott Andrew Snyder reported a grant of 4,222 restricted stock units (RSUs).
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,222 | $0.00 | $0.00 |
| holding | $2.50 par value Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock, $2.50 par value per share.
- F2. 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.
- F3. 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.
- F4. 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
Key Terms
restricted stock unit financial
dividend equivalents financial
forfeiture restrictions financial
Amended and Restated 2023 Director Equity Plan financial
deferral financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FULT director Scott Snyder report?
When do Scott Snyder’s new FULT restricted stock units vest and convert?
How many Fulton Financial RSUs does Scott Snyder hold after this Form 4?
What are dividend equivalents on FULT restricted stock units?
What flexibility does Scott Snyder have in timing RSU conversion at FULT?
AI-generated analysis. How Rhea-AI works. Not financial advice.