Taylor Bernadette M 4

What Happened
Taylor Bernadette M, Senior Executive Vice President of Fulton Financial Corporation (FULT), had performance-based restricted stock units (PSUs) vest on May 1, 2026 and received a new restricted stock unit grant the same day. The vesting/conversion produced 23,990.101 shares from PSUs and a grant of 3,918 RSUs (total 27,908.101 shares). To cover tax liabilities, 9,568.101 shares were withheld/sold at $21.62 per share for a total tax withholding of $206,863. Net shares delivered to the reporting person after withholding were approximately 18,340 shares.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (filed within the two-business-day window).
• Conversions/awards:
  • 23,990.101 shares — conversion of performance-based units (code M) @ $0.00 (vested/converted).
  • 3,918 RSUs — grant (code A) @ $0.00 (award).
• Tax withholding/sales (code F):
  • 9,475.101 shares withheld @ $21.62 = $204,852
  • 93 shares withheld @ $21.62 = $2,011
  • Total withheld = 9,568.101 shares, $206,863
• Net shares delivered to insider after withholding ≈ 18,340 shares (27,908.101 acquired − 9,568.101 withheld).
• Ownership note: filing footnote reports 62,880 shares held jointly with spouse; the filing does not state total post-transaction holdings explicitly.
• Codes explained: M = derivative exercise/conversion (PSUs), A = award/grant (RSUs), F = shares withheld/sold to cover tax liability.

Context

• The PSUs were granted on May 1, 2023 and vested based on Fulton’s total shareholder return relative to peers and net income goals (per filing footnote). That conversion is not an open-market purchase but the settlement of performance awards.
• The RSU award granted May 1, 2026 cliff-vests in three years (vest and delivery occur on the 3-year anniversary, per footnote).
• Withholding of shares to satisfy tax obligations is routine and common for award settlements; it does not necessarily signal a buy or sell decision on the open market.