Schramm Jude 4
4 · FIFTH THIRD BANCORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Fifth Third (FITB) EVP Jude Schramm Receives Awards; Shares Withheld
What Happened
Jude Schramm, Executive Vice President & Chief Investment Officer of Fifth Third Bancorp (FITB), received equity awards and had shares withheld to satisfy tax liabilities. On February 18, 2026 Schramm was granted two awards totaling 36,173 shares (14,496 and 21,677) at no cost (awards). Also on February 18, 2026, 9,517 shares were disposed/withheld at $52.86 per share to cover tax obligations, a withholding value of approximately $503,069. These grants include performance shares that vested on February 18, 2026 and restricted stock units that vest over three years.
Key Details
- Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-19 — timely filing).
- Grants: 14,496 RSUs (no consideration) and 21,677 award shares (no consideration).
- Tax-related disposition: 9,517 shares withheld at $52.86/sh = ~$503,069 (coded F: tax withholding/payment).
- Vesting/vesting schedule notes: performance shares vested on 2/18/2026; RSUs vest in three equal annual installments beginning one year after grant.
- Shares owned after transaction: not specified in the excerpt of the filing.
- Footnotes: awards under Fifth Third Incentive Compensation Plan; F4 confirms shares withheld for taxes upon vesting.
Context
This filing reflects equity awards and routine tax withholding on vested performance shares — not an open-market sale or purchase. The 9,517-share disposition is a withholding to cover taxes (common with vested awards), not a directional trade signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-18+14,496→ 141,646 total - Award
Common Stock
[F3][F2]2026-02-18+21,677→ 163,323 total - Tax Payment
Common Stock
[F4]2026-02-18$52.86/sh−9,517$503,069→ 153,806 total
Footnotes (4)
- [F1]Restricted Stock Units granted pursuant to Fifth Third Bancorp Incentive Compensation Plan subject to vesting in three equal annual installments beginning on the first anniversary of the grant date.
- [F2]Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.
- [F3]Performance Share award received upon satisfaction of performance criteria subject to vesting on February 18, 2026.
- [F4]Shares withheld for taxes upon the vesting of performance shares granted to the reporting person.