Leonard James C. 4
Research Summary
AI-generated summary
Fifth Third Bancorp COO Leonard James Withholds 3,366 Shares for Taxes
What Happened
- Leonard James, Chief Operating Officer of Fifth Third Bancorp (FITB), had 3,366 shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units. The withholding was reported as a disposition at $52.90 per share, totaling approximately $178,061.
- This is a tax-withholding event tied to an award vesting, not an open‑market sale or a purchase.
Key Details
- Transaction date: 2026-02-19; Report filed: 2026-02-23 (filed within the standard two-business-day Form 4 deadline).
- Shares withheld/disposed: 3,366 at $52.90 each; total value ≈ $178,061.
- Footnote: Shares were withheld to cover taxes upon vesting of RSUs granted to the reporting person on 2025-02-19 (Footnote F1).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- This was a tax-withholding/cashless settlement of vested restricted stock units (code F), which is a routine administrative transaction and does not necessarily indicate a change in the insider’s view of the company.
- Unlike open-market sales or purchases, withheld shares are retained by the company (or broker) to satisfy tax obligations rather than being sold on the market by the insider.