Spence Timothy 4

What Happened
Timothy Spence — Chair, CEO & President and a director of Fifth Third Bancorp (FITB) — had 9,531 shares withheld to satisfy tax obligations tied to the vesting of restricted stock units. The shares were valued at $52.90 each, a total of about $504,190. This was a tax-withholding disposition (Form 4 code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed within the normal 2-business-day window).
• Price: $52.90 per share; Shares withheld/disposed: 9,531; Total value ≈ $504,190.
• Footnote: Shares were withheld to cover taxes upon vesting of RSUs granted to Spence on February 19, 2025.
• Shares owned after the transaction: Not specified in the information provided.
• Transaction code: F (payment of tax liability via share withholding) — routine tax-related disposition.

Context
This was a tax-withholding event tied to RSU vesting (effectively a cashless settlement to cover tax withholding), a common and administrative action that does not necessarily reflect a decision to sell shares for investment reasons. It differs from open-market sales (which may signal liquidity or other motives) and from purchases (which can be interpreted as a bullish signal).