Form 4: Fulton Financial Corp Executive Richard S. Kraemer Awarded Restricted Stock Units
SEC Form 4 Filing
Richard S. Kraemer, SEVP & CFO of Fulton Financial Corporation, was granted 13,660 restricted stock units on May 1, 2025, which cliff-vest in three years.
Summary
- Richard S. Kraemer, SEVP & CFO of Fulton Financial Corporation, was granted 13,660 restricted stock units on May 1, 2025.
- These restricted stock units cliff-vest three years from the grant date.
- Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation $2.50 par value common stock.
- Vested shares, along with accumulated dividend equivalents, will be delivered to Kraemer three years from the grant date.
- Following the reported transaction, Kraemer beneficially owns 53,853.4642 shares of Fulton Financial Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The granting of stock units is a standard practice and generally viewed favorably as it aligns management interests with shareholders.
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 in three years, contingent on continued service.
Industry Context
Granting restricted stock units is a common practice in the financial industry to incentivize executives and align their interests with shareholders.
Stakeholder Impact
- Shareholders may view the grant of restricted stock units positively as it incentivizes management to improve company performance.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Next Steps
- The reporting person will receive shares of Fulton Financial Corporation common stock upon vesting of the restricted stock units in three years.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of the restricted stock unit award grant. |
| 05/05/2025 | Date of signature on the Form 4 filing. |
Keywords
restricted stock units, Fulton Financial Corporation, Richard S. Kraemer, SEVP & CFO, equity compensation, Form 4, beneficial ownership, stock options, vesting
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