Form 4: Fulton Financial Corp Executive Anthony Cossetti Acquires 5,205 Restricted Stock Units

Anthony Cossetti, Chief Accounting Officer of Fulton Financial Corp, was granted 5,205 restricted stock units on September 3, 2024, which cliff-vest in three years.

Summary

• Anthony Cossetti, the Chief Accounting Officer of Fulton Financial Corp, reported a transaction on September 3, 2024, involving restricted stock units.
• He acquired 5,205 restricted stock units under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.
• Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation $2.50 par value common stock.
• The restricted stock units cliff-vest three years from the grant date, with vested shares and accumulated dividend equivalents to be delivered to Cossetti three years from the grant date.
• Following the transaction, Cossetti directly owns 5,205 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing long-term performance.

Future Outlook

The restricted stock units will vest three years from the grant date, at which point the shares will be delivered to the reporting person.

Industry Context

Executive compensation through stock grants is a common practice in the financial industry to align management's interests with shareholder value.

Key Dates