Earnings Feed
Start Free
FULTON FINANCIAL CORP·4

Jun 3, 4:11 PM ET

Pergolin Antoinette M 4

Research Summary

AI-generated summary

Updated

Fulton Financial (FULT) Director Antoinette Pergolin Converts RSUs, Receives Award

What Happened

  • Antoinette M. Pergolin, a director of Fulton Financial Corporation (FULT), reported the conversion/exercise of restricted stock units (derivative instruments) that resulted in 5,116.838 shares on June 1, 2026 (reported at $0.00, total $0). The Form 4 also shows a simultaneous derivative “disposed” entry for 5,116.838 shares (reported as $0) and a separate grant/award of 4,222 shares (reported at $0.00, total $0).
  • This activity reflects vesting/conversion and an award rather than an open‑market purchase or sale for cash; no sale proceeds or cash purchase are reported.

Key Details

  • Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
  • Prices/value: all entries reported at $0.00 (total reported value $0).
  • Shares resulting from conversion: 5,116.838 (per Table II entries); additional grant/award: 4,222 shares.
  • Shares owned after transaction: not provided in the excerpt of this Form 4.
  • Notable footnotes from the filing:
    • F2: Each restricted stock unit (RSU) equals one share of common stock.
    • F3: The 5,116.838 shares represent 4,928 RSUs granted June 1, 2025 plus 188.838338 accumulated dividend equivalents; these forfeiture restrictions lapsed June 1, 2026 and converted to common stock (reported in Table I).
    • F4–F6: Describe deferral elections, conversion schedules, and forfeiture-lapse rules that can affect timing of actual stock delivery.
  • The Form reports a simultaneous acquisition and disposition of the same 5,116.838 derivative shares; the filing’s footnotes tie this to vested RSUs converting to common stock (reporting mechanics vary and do not, by themselves, indicate a market sale for cash).

Context

  • For retail investors: this looks like routine director equity vesting and award activity (vesting/conversion and an award grant), not an open-market trade signaling immediate buying or selling for cash. Footnotes explain the source (prior RSU grant and dividend equivalents) and options for deferral of conversion or installment delivery.