Wenger E Philip 4
Research Summary
AI-generated summary
Fulton Financial (FULT) Director Wenger E. Philip Sells 5,000 Shares
What Happened
Wenger E. Philip, a director of Fulton Financial Corp (FULT), sold 5,000 shares in an open-market transaction on April 13, 2026. The weighted average sale price was $21.42 per share, for total proceeds of approximately $107,087. This sale was executed under a Rule 10b5-1 trading plan adopted June 13, 2025, indicating a prearranged schedule for the transaction.
Key Details
- Transaction date: 2026-04-13; Form 4 filed 2026-04-14 (timely).
- Shares sold: 5,000; weighted average price: $21.42; price range reported $21.37–$21.46.
- Total proceeds: ~$107,087.
- Post-transaction holdings: not specified in the provided data. Footnotes note 120,996.5261 shares held jointly with spouse and 3.9507 shares acquired via dividend reinvestment.
- Footnotes: F1 — sale pursuant to a 10b5-1 plan (adopted 6/13/2025). F2 — weighted average price from multiple trades; detailed per-price breakdown available upon request.
Context
This was a sale (often routine) carried out under a pre-established 10b5-1 plan, which is commonly used to schedule insider transactions and can reduce the implication that the sale reflects a change in the insider’s view of the company. No indication of option exercises, gifts, or tax-withholding shares was reported for this transaction.