KERR DEREK J 4
4 · FIFTH THIRD BANCORP · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Fifth Third Bancorp (FITB) Director Derek J. Kerr Receives Stock Award
What Happened Derek J. Kerr, a director of Fifth Third Bancorp (FITB), was credited with two types of equity on Feb 2, 2026: 13,577 FITB shares received in exchange for 7,275 shares of Comerica (CMA) under the merger agreement, and 612 restricted stock units (RSUs) granted under the Fifth Third Incentive Compensation Plan. The 13,577-share amount reflects the merger conversion ratio (1.8663 FITB shares per CMA share) with cash paid for any fractional share; the 612 RSUs were granted at $0.00 (no cash consideration).
Key Details
- Transaction date: 2026-02-02.
- Share counts: 13,577 shares (merger exchange) + 612 RSUs = 14,189 total newly acquired/awarded units.
- Prices/consideration: merger shares listed as N/A (received in exchange); RSUs granted at $0.00 per F3 (no consideration).
- Footnotes of note:
- F1: 13,577 FITB shares issued in exchange for 7,275 CMA shares at the 1.8663 conversion ratio; cash paid for fractional shares.
- F2: 612 RSUs subject to vesting upon cessation of the reporting person’s Board service.
- F3: Grants made under the company’s incentive plan; no payment required.
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: filing shows this transaction period ended 2026-02-02; no late filing flag noted.
Context These entries are awards/conversion related — one group of shares came from a merger exchange (not an open-market purchase or sale) and the other are RSUs with vesting conditions tied to Board service. Such transactions are routine for corporate actions and equity compensation; they do not by themselves indicate a buy/sell sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-02+13,577→ 13,663 total - Award
Common Stock
[F2][F3]2026-02-02+612→ 14,275 total
Footnotes (3)
- [F1]Received in exchange for 7,275 shares of Comerica Incorporated ("CMA") in connection with the merger of CMA and a wholly owned subsidiary of CMA with and into a wholly owned subsidiary of Fifth Third Bancorp ("FITB"). Pursuant to the merger agreement by and among FITB, CMA and the other parties thereto, holders of CMA common stock had the right to receive, for each share of CMA common stock held immediately prior to the effective time of the merger, 1.8663 shares of common stock of FITB and cash in lieu of any fractional shares, at such price in accordance with the terms of the merger agreement.
- [F2]Restricted stock units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan subject to vesting upon cessation of the reporting person's service on the Board of Directors of the Issuer.
- [F3]Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.