Form 4: Fulton Financial Corp Director E. Philip Wenger Reports Stock Gift and Dividend Reinvestment
SEC Form 4 Filing
Director E. Philip Wenger reported a gift of 12,000 shares and dividend reinvestment resulting in changes to his beneficial ownership of Fulton Financial Corp stock.
Summary
- On July 22, 2024, E. Philip Wenger, a director of Fulton Financial Corp, reported a transaction involving the company's common stock.
- Wenger gifted 12,000 shares of Fulton Financial Corp stock.
- Additionally, Wenger's holdings increased by 3.7119 shares due to dividend reinvestment on July 17, 2024.
- Following these transactions, Wenger directly owns 482,416.4976 shares and indirectly owns 96,626 shares through an IRA, 3,851 shares through a Spouse IRA and 432.5415 shares through Children.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. Monitoring these transactions can provide insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders and are required by the SEC.
- The level of detail provided in this filing is consistent with industry norms for transparency in insider trading.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/17/2024 | Acquisition of 3.7119 shares pursuant to dividend reinvestment. |
| 07/22/2024 | Gift of 12,000 shares of Fulton Financial Corp stock. |
| 07/23/2024 | Date of signature by John R. Merva, Attorney-in-Fact. |
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