Form 4: Fifth Third Bancorp Executive Bryan D. Preston Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Bryan D. Preston, Chief Financial Officer & EVP of Fifth Third Bancorp, reports transactions involving common stock, including shares withheld for taxes upon vesting of restricted stock units.
Summary
- Bryan D. Preston, the Chief Financial Officer & EVP of Fifth Third Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- The reported transactions involve the withholding of shares for taxes upon the vesting of restricted stock units.
- These restricted stock units were granted on February 14, 2023, February 14, 2024 and February 16, 2022.
- Following the reported transactions, Preston directly owns 63,159.3081 shares of Fifth Third Bancorp common stock.
- He also indirectly owns 254.434 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common in the financial services industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's financial health or strategic direction.
Key Dates
| Date | Description |
|---|---|
| 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 |
| 02/16/2022 | Date of restricted stock units granted to the reporting person |
| 02/14/2025 | Transaction date for shares withheld for taxes |
| 02/16/2025 | Transaction date for shares withheld for taxes |
| 02/19/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Fifth Third Bancorp, FITB, Bryan D. Preston, Restricted Stock Units, CFO, EVP
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