Lopper Jeffrey A 4
Research Summary
AI-generated summary
Fifth Third (FITB) CAO Jeffrey Lopper Withholds 923 Shares for Taxes
What Happened
- Jeffrey A. Lopper, Chief Accounting Officer of Fifth Third Bancorp (FITB), had a total of 923 shares withheld to satisfy tax withholding on vested restricted stock units (RSUs). The shares were disposed (withheld) at $52.86 per share, producing proceeds of about $48,790 in aggregate across transactions on Feb 14 and Feb 16, 2026. These were tax-withholdings tied to previously granted RSUs, a routine disposition rather than an open-market sale for investment purposes.
Key Details
- Transaction dates and amounts:
- 2026-02-14: 309 shares withheld @ $52.86 = $16,334 (Footnote F2 or F3 as applicable)
- 2026-02-14: 309 shares withheld @ $52.86 = $16,334
- 2026-02-16: 226 shares withheld @ $52.86 = $11,946
- 2026-02-16: 79 shares withheld @ $52.86 = $4,176
- Total withheld: 923 shares; total value ≈ $48,790
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes: F1–F3 indicate shares were withheld to cover taxes upon vesting of RSUs granted on 02/16/2022 (F1), 02/14/2023 (F2), and 02/14/2024 (F3).
- Filing: Report filed on 2026-02-18. The filing itself shows these are tax-withholding dispositions; no late-filing flag is indicated in the provided data.
Context
- These transactions are tax-withholdings tied to vested RSUs (not open-market sales or purchases). Such withholdings are routine administrative actions and generally do not signal insider buying or selling intent about the company’s stock. For retail investors, purchases or open-market sales typically carry more informational weight than tax-related withholdings.
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