Form 4: Fifth Third Bancorp Executive Mark D. Hazel Reports Stock Transactions
SEC Form 4 Filing
EVP and Controller Mark D. Hazel reports acquisition and disposal of Fifth Third Bancorp stock and stock appreciation rights on March 12, 2024.
Summary
- On March 12, 2024, Mark D. Hazel, EVP and Controller of Fifth Third Bancorp, reported transactions involving the company's stock and stock appreciation rights.
- Hazel acquired 8,701 shares of common stock at $14.87 and 5,088 shares at $26.52 through the exercise of stock appreciation rights.
- He also disposed of 4,969 shares at $36.69 and 4,072 shares at $36.69 to cover tax obligations.
- Following these transactions, Hazel directly owns 91,025 shares of Fifth Third Bancorp common stock.
- He also holds no derivative securities after the reported transactions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for executives to exercise stock options or appreciation rights and then sell a portion of the acquired shares to cover taxes.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 02/12/2016 | Grant date for some stock appreciation rights, exercisable in fourths beginning on the first anniversary of the grant date with one-fourth of the total grant vesting annually over a four-year period. |
| 02/03/2017 | Grant date for some stock appreciation rights, exercisable in thirds beginning on the first anniversary of the grant date with one-third of the total grant vesting annually over a three-year period. |
| 03/12/2024 | Date of the reported transactions: acquisition and disposal of common stock and stock appreciation rights. |
| 03/13/2024 | Date of the Form 4 filing. |
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