Wenger E Philip 4

What Happened

• E. Philip Wenger, a director of Fulton Financial Corporation, had derivative/award activity on June 1, 2026. The filing shows conversion/exercise of 5,116.838 derivative units (reported at $0) and a grant/award acquisition of 4,222 shares (reported at $0). The derivative conversion/disposition and the award reflect restricted stock unit (RSU) activity rather than an open-market buy or sale.

Key Details

• Transaction dates: June 1, 2026; Form 4 filed June 3, 2026 (filed within the typical 2‑business‑day window).
• Reported prices/values: all entries reported at $0 (these are RSU conversions/awards, not cash purchases or market sales).
• Share counts in this filing: 5,116.838 shares converted/exercised (and reported disposed as derivative), and 4,222 shares granted/received.
• Shares owned after transaction: filing notes 120,996.5261 shares held jointly with spouse (footnote F1); converted RSU shares are reported in Table I of the Form 4.
• Notable footnotes:
  • F2: Each RSU equals a contingent right to one Fulton common share.
  • F3: The 5,116.838 figure reflects 4,928 RSUs granted June 1, 2025 plus 188.838 dividend equivalents; forfeiture restrictions lapsed June 1, 2026.
  • F4/F5: RSU conversion timing and forfeiture‑lapse rules per the company’s director equity plan.
• No 10b5-1 plan, tax‑withholding sale, or late filing is indicated in the provided details.

Context

• These entries reflect RSU vesting/conversion and an award grant — routine equity compensation for directors — rather than an open‑market purchase or sale that would signal a straightforward bullish or bearish stance. Derivative entries reported at $0 are typical for RSU conversions; the economic value is the market value of the shares received but is not shown in the Form 4 transaction price.