Director at Fulton Financial (FULT) awarded 4,222 restricted stock units
Rhea-AI Filing Summary
Fulton Financial Corp director Ronald H. Spair reported an equity award and updated holdings. He received 4,222 restricted stock units on June 1, 2026, each representing a contingent right to one share of $2.50 par value common stock.
The restricted stock units, including accumulated dividend equivalents, will convert to common stock on the first anniversary of the grant or, at his election, in up to three equal annual installments after he retires or leaves the Board. Forfeiture restrictions lapse on the first anniversary or earlier under the company’s Amended and Restated 2023 Director Equity Plan.
Following this grant, Spair directly holds 19,072 common shares, including 10,000 shares held jointly with his spouse, and 43,967.09 restricted stock units and related dividend equivalents, some of which are deferred for conversion until after his Board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,222 | $0.00 | -- |
| holding | $2.50 par value Common Stock | -- | -- | -- |
Footnotes (1)
- Includes 10,000 shares held jointly with spouse. 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.