Sargent Angela M 4

What Happened

• Angela M. Sargent, Senior EVP & Chief Information Officer of Fulton Financial Corporation, had performance-based derivative awards (PSUs/restricted stock units) convert/vest into 29,156.755 shares on May 1, 2026. The conversion was recorded at $0.00 per share (derivative conversion, not a cash purchase).
• To cover tax withholding, 10,975.755 of those shares were surrendered/disposed at an implied value of $21.62 per share, totaling approximately $237,296. In addition, a grant of 4,568 restricted stock units was reported (award/RSU grant).

Key Details

• Transaction date: May 1, 2026. Form filed: May 5, 2026 (appears filed late by one business day relative to the May 1 transaction).
• Primary codes: M = exercise/conversion of derivative (PSU/RSU conversion); F = shares withheld for tax liability; A = grant/award of RSUs.
• Shares involved: 29,156.755 shares converted from derivatives; 10,975.755 shares withheld for taxes (disposed) at $21.62 = $237,296; 4,568 RSUs granted at $0.00.
• Shares owned after the transaction: not specified on the Form 4.
• Notable footnotes:
  • The 29,156.755 conversion reflects earned PSUs that vested based on performance (granted May 1, 2023; earned/vested May 1, 2026 per F5).
  • Withheld shares represent tax withholding to cover the reporting person's tax liability (F2).
  • The 4,568 RSUs are a restricted stock unit award (granted May 1, 2026) that cliff-vests in three years (F7, F8).
  • Some previously reported shares include amounts acquired via dividend reinvestment earlier in 2026 (F1, F3).

Context

• This was not an open-market sale for investment proceeds; the disposed shares were withheld to satisfy tax obligations associated with the vesting/conversion of awards (a common, administrative action).
• The conversion/vesting reflects earned performance units rather than a cash purchase — M denotes exercise/conversion of derivative awards into shares.