Crutchfield Lisa 4

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.