Form 4: Fifth Third Bancorp EVP Kala Gibson Reports Stock Disposals for Tax Obligations
SEC Form 4
EVP Kala Gibson of Fifth Third Bancorp reports the disposal of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Kala Gibson, an Executive Vice President at Fifth Third Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- The reported transactions involve the disposal of common stock to satisfy tax obligations arising from the vesting of restricted stock units.
- These restricted stock units were granted on February 14, 2023, February 14, 2024, February 16, 2022 and February 17, 2021.
- A total of 2,370 shares were disposed of at a price of $44.06 per share.
- Following these transactions, Gibson directly owns 45,873 shares of Fifth Third Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/17/2021 | Date of restricted stock units granted to the reporting person. |
| 02/16/2022 | Date of restricted stock units granted to the reporting person. |
| 02/14/2023 | Date of restricted stock units granted to the reporting person. |
| 02/14/2024 | Date of restricted stock units granted to the reporting person. |
| 02/14/2025 | Disposal of shares for tax obligations related to vesting restricted stock units. |
| 02/16/2025 | Disposal of shares for tax obligations related to vesting restricted stock units. |
| 02/17/2025 | Disposal of shares for tax obligations related to vesting restricted stock units. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
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