Fiol Andrew B 4

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.