Stevens Melissa S. 4
Research Summary
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Fifth Third (FITB) EVP Melissa Stevens Receives Awards, Shares Withheld
What Happened
Melissa S. Stevens, Executive Vice President of Fifth Third Bancorp (FITB), received equity awards on Feb 18, 2026: 6,765 restricted stock units (RSUs) and 15,174 performance shares (awarded/vested at $0.00). Upon vesting of the performance shares, 6,662 shares were withheld to satisfy the tax liability at $52.86 per share, a disposition valued at $352,153. The acquisitions are reported as awards/grants (code A) and the withholding as a tax payment/disposition (code F).
Key Details
- Transaction date: 2026-02-18. Grants reported at $0.00; withholding disposal at $52.86/share.
- Withheld shares: 6,662 shares withheld for taxes, proceeds/amount = $352,153.
- Shares owned after transaction: not specified in the filing.
- Relevant footnotes: F1 = RSUs vest in three equal annual installments starting one year after grant; F3 = performance shares vested on 2/18/2026; F4 = shares withheld to cover taxes; F2 = awards granted under the company plan with no cash paid.
- Filing: Form 4 filed 2026-02-19 (timely within the reporting window).
- Transaction codes: A = award/grant, F = payment of tax liability/withholding.
Context
These transactions are compensatory awards (not open-market purchases or voluntary sales). The RSUs vest over time, while the performance shares vested upon meeting performance criteria; withholding of shares to cover taxes is routine and should not be read as an opportunistic sale. No indication of a 10% owner transaction or a 10b5-1 plan in this filing.