Wenger E Philip 4
Research Summary
AI-generated summary
Fulton Financial (FULT) Director E. Philip Wenger Sells 5,000 Shares
What Happened
- E. Philip Wenger, a director of Fulton Financial Corp (FULT), sold 5,000 shares on July 13, 2026 in an open-market transaction. The weighted average sale price was $24.14 per share for a total proceeds of $120,714.
- This disposition was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Wenger on June 13, 2025, which typically means the trades were prearranged rather than spontaneous.
Key Details
- Transaction date: 2026-07-13; Filing date: 2026-07-14 (timely filing).
- Sale details: 5,000 shares sold; weighted average price $24.14; prices in the execution ranged from $24.11 to $24.25 (report notes weighted average across multiple trades).
- Footnotes: F1—trade executed under a 10b5-1 plan (adopted 6/13/2025). F2—shares sold in multiple trades at prices $24.11–$24.25; reporting person can provide per-price breakdown on request. F3—filing notes 120,996.5261 shares are held jointly with spouse (as reported).
- Shares owned after the transaction: not explicitly listed in the extracted data; the filing notes joint holdings as described above.
- Transaction type: S = Sale (disposition).
Context
- Sales under a 10b5-1 plan are prearranged and therefore often viewed as routine dispositions rather than a direct signal about the insider’s current view of the company. For retail investors, purchases generally carry more direct informational weight than preplanned sales.