Fiol Andrew B 4
4 · FULTON FINANCIAL CORP · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Fulton Financial SVP Andrew Fiol Receives Award; Sells 9,766 Shares
What Happened Andrew B. Fiol, Senior Executive Vice President of Fulton Financial Corp. (FULT), had performance-based restricted stock units (PSUs) vest and convert into 34,272.381 shares on May 1, 2026. Of those shares, 9,766.381 were withheld and disposed to cover tax withholding at $21.62 per share (total ≈ $211,149). Fiol also received a new restricted stock unit grant of 6,830 shares on May 1, 2026 (cliff-vests in three years), and earlier purchased 179.66 shares through the Employee Stock Purchase Plan on March 12, 2026 for $19.64 each ($3,529).
Key Details
- Transaction dates and prices:
- 2026-03-12: ESPP purchase of 179.66 shares @ $19.64 = $3,529 (F1).
- 2026-05-01: PSUs converted to 34,272.381 shares @ $0 exercise price (acquired) (F5, F6).
- 2026-05-01: 9,766.381 shares withheld/disposed to cover tax liability @ $21.62 = $211,149 (F4).
- 2026-05-01: Grant of 6,830 RSUs @ $0 (will cliff-vest in 3 years) (F8, F9).
- Net from PSU vesting: 34,272.381 converted less 9,766.381 withheld → about 24,506 shares delivered to Fiol.
- Shares owned after the transactions: Not specified in the provided filing excerpts.
- Notable footnotes: PSUs vested based on total shareholder return and net income goals from the May 1, 2023 grant (F5–F6). Some ESPP and dividend reinvestment shares included (F1–F3). Withholding represents shares retained to cover tax liability (F4).
- Filing timeliness: Form filed May 5, 2026 reporting events through May 1, 2026; no late-filing flag indicated in the provided data.
Context
- The key activity is vesting/conversion of performance-based equity (PSUs) and an RSU grant, not an open-market buy or a deliberate sale for cash. The only sale-like transaction was shares withheld to pay taxes (routine for vesting events), not an independent market sale. The new RSU award will cliff-vest and deliver shares (plus dividend equivalents) three years from the grant date.
Insider Transaction Report
Form 4
Fiol Andrew B
Sr Executive Vice President
Transactions
- Other
$2.50 par value Common Stock
[F1][F2]2026-03-12$19.64/sh+179.66$3,529→ 43,555.157 total - Exercise/Conversion
$2.50 par value Common Stock
[F3]2026-05-01+34,272.381→ 78,207.145 total - Tax Payment
$2.50 par value Common Stock
[F4]2026-05-01$21.62/sh−9,766.381$211,149→ 68,440.764 total - Exercise/Conversion
Performance Stock Units
[F5][F6]2026-05-01−34,272.381→ 0 total→ $2.50 par value Common Stock (34,272.381 underlying) - Award
Restricted Stock Units
[F7][F8][F9]2026-05-01+6,830→ 24,495.099 total→ $2.50 par value Common Stock (6,830 underlying)
Footnotes (9)
- [F1]Purchase made with cash in the Employee Stock Purchase Plan.
- [F2]Includes 405.473996 shares acquired on January 16, 2026 pursuant to dividend reinvestment.
- [F3]Includes 379.607433 acquired on April 16, 2026 pursuant to dividend reinvestment.
- [F4]Represents shares withheld to cover the reporting person's tax liability.
- [F5]Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock.
- [F6]Reflects the earning and vesting of certain performance-based restricted stock units ("PSUs"), including accrued dividend equivalents, as of May 1, 2026. The PSUs were granted on May 1, 2023. The PSUs were earned and vested based upon Fulton Financial Corporation's level of achievement of total shareholder return, relative to a defined peer group, and net income goals during the applicable performance periods, as specified at the time of grant.
- [F7]Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock.
- [F8]Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.
- [F9]The restricted stock units cliff-vest three years from the grant date. Vested shares, together with accumulated dividend equivalents will be delivered to the reporting person three years from the grant date.
Signature
Steven R. Horst, as Attorney-in-Fact for Fiol, Andrew B.|2026-05-05