Shaffer Robert P 4

What Happened Robert P. Shaffer, EVP and Chief Risk Officer of Fifth Third Bancorp (FITB), had 2,693 shares withheld to satisfy tax obligations when restricted stock units vested. The withholding was reported as a disposition at $52.90 per share, totaling about $142,460. This is an administrative tax-withholding event rather than an open-market sale or a purchase.

Key Details

• Transaction date: 2026-02-19; Report filed: 2026-02-23 (appears to be filed after the typical 2-business-day Form 4 window).
• Price and quantity: 2,693 shares withheld at $52.90 per share; total value ≈ $142,460.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnote: Shares were withheld for taxes upon the vesting of restricted stock units granted to Mr. Shaffer on February 19, 2025 (Footnote F1).
• Transaction code: F = tax withholding to satisfy tax liability on vested awards.

Context This was a tax-withholding disposition tied to RSU vesting (commonly done by withholding or “net settlement” of shares) and does not necessarily reflect a view on company prospects. Such transactions are routine for executives receiving equity compensation. The apparent late filing may merit attention for timeliness but does not change the administrative nature of the transaction.