Crutchfield Lisa 4
4 · FULTON FINANCIAL CORP · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Fulton Financial (FULT) Director Lisa Crutchfield Receives RSU Award
What Happened
Lisa Crutchfield, a director of Fulton Financial Corporation (FULT), received a grant of 4,222 restricted stock units (RSUs) on June 1, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 per unit (typical for compensation grants); the RSUs represent contingent rights to receive one share of common stock apiece when they convert.
Key Details
- Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-03). Filing appears timely.
- Grant: 4,222 restricted stock units (RSUs) recorded as an award/acquisition (code A). Reported price: $0.00 (non-cash compensation grant).
- Shares owned after transaction: not specified in this filing.
- Notable footnotes:
- Each RSU equals the contingent right to one Fulton common share.
- RSUs, plus accumulated dividend equivalents, will convert to common stock on the first anniversary of the grant or, at the director’s election, in up to three equal annual installments beginning the January after retirement/separation.
- Forfeiture restrictions lapse on the first anniversary (or earlier per the company plan).
- Some RSUs may be deferred past conversion; dividend equivalents continue to accumulate during deferral.
Context
This is an equity compensation award to a board director — a routine, non-market purchase event that typically aligns with compensation practices rather than a direct signal of personal trading intent. Because these are derivative RSUs (not exercised options or open-market buys/sells), they represent future potential issuance of shares upon vesting/conversion rather than immediate ownership of liquid stock.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3][F4]2026-06-01+4,222→ 43,967.09 total→ $2.50 par value Common Stock (4,222 underlying)
- 11,938
$2.50 par value Common Stock
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock, $2.50 par value per share.
- [F2]The restricted stock units, together with accumulated dividend equivalents, will convert to common stock on the first anniversary of the date of the grant or, at the election of the reporting person, in up to three equal annual installments beginning in January of the year following the year in which the reporting person retires or separates from the Fulton Financial Corporation Board of Directors.
- [F3]Forfeiture restrictions lapse on the restricted stock units on the first anniversary of the date of grant, or earlier in accordance with the Fulton Financial Corporation Amended and Restated 2023 Director Equity Plan.
- [F4]Includes restricted stock units, together with accumulated dividend equivalents, for which the forfeiture restrictions have lapsed and the reporting person has made an election to defer the conversion to common stock until after the reporting person retires or separates from the Fulton Financial Corporation Board of Directors. Dividend equivalents continue to accumulate during the deferral period.