Gibson Kala 4
Research Summary
AI-generated summary
Fifth Third (FITB) EVP Kala Gibson Receives Stock Awards; Tax Withholding
What Happened
Kala Gibson, an Executive Vice President of Fifth Third Bancorp (FITB), received stock awards on 2026-02-18 consisting of 6,765 and 9,755 shares (awards granted with no cash consideration). On the same date, 4,283 shares were withheld to cover taxes at a per-share value of $52.86, resulting in tax withholding of approximately $226,399. The awards include restricted stock units (RSUs) and performance share awards; one performance award vested on 2026-02-18.
Key Details
- Transaction dates: 2026-02-18 (reported on Form 4 filed 2026-02-19) — appears timely.
- Transactions reported: Two awards/grants (code A) for 6,765 and 9,755 shares at $0.00 (no consideration); one disposition (code F) of 4,283 shares withheld for taxes at $52.86/share (≈$226,399).
- Total shares granted on the report: 16,520 shares.
- Shares owned after the transaction: Not specified in the filing.
- Relevant footnotes: F1 = RSUs vesting in three equal annual installments; F2 = granted with no consideration; F3 = performance shares that vested on 2/18/2026; F4 = shares withheld for taxes upon vesting.
- Transaction codes: A = award/grant; F = tax withholding (share disposition).
Context
This was an issuance/vesting of equity awards, not an open-market purchase or sale. The withholding of 4,283 shares to cover taxes is a common administrative step when performance shares/RSUs vest and does not by itself indicate a buy or sell signal. Performance shares vesting means the awards met pre-set performance criteria and converted to shares on 2/18/2026.