Cossetti Anthony 4

What Happened

• Anthony Cossetti, Chief Accounting Officer of Fulton Financial Corporation (FULT), had performance-based restricted stock units (PSUs) earn and vest as of May 1, 2026, converting into 5,281.755 shares. To cover tax withholding, 1,506.755 of those shares were withheld (valued at $21.62/share for a withholding value of $32,576). In addition, Cossetti received a grant of 4,197 restricted stock units (RSUs) on May 1, 2026.

Key Details

• Transaction date(s): May 1, 2026; Form 4 filed May 5, 2026 (filed within required two business days).
• PSUs converted: 5,281.755 shares (performance-based; granted May 1, 2023 and vested based on TSR vs. peers and net income goals).
• Tax withholding: 1,506.755 shares withheld at $21.62/share to cover $32,576 (routine tax withholding).
• New RSU grant: 4,197 RSUs granted May 1, 2026 under the company’s equity plan; cliff-vest in three years and include accumulated dividend equivalents.
• Shares owned after the transactions: not specified in the filing.
• Codes: M = exercise/conversion of derivative (PSUs); F = tax withholding; A = award/grant.

Context

• The PSU conversion reflects earned performance awards rather than an open-market purchase or sale; withholding shares to cover taxes is a routine administrative step and not a market sell signal. The new RSU award vests on a three-year cliff and will be deliverable with dividend equivalents at vesting.