Form 4: Fulton Financial Director E. Philip Wenger Gifts 3,000 Shares of Common Stock

Fulton Financial Corporation Director E. Philip Wenger reported gifting 3,000 shares of the company's common stock on May 23, 2025, as disclosed in a recent SEC Form 4 filing.

Summary

• E. Philip Wenger, a Director of Fulton Financial Corp (FULT), reported a disposition of 3,000 shares of common stock.
• The transaction occurred on May 23, 2025, and was classified as a gift (transaction code 'G').
• The shares were disposed of at a price of $0.00 per share.
• Following this transaction, Mr. Wenger directly beneficially owns 594,164.4976 shares of common stock, which includes 141,296.5261 shares held jointly with his spouse.
• Additionally, Mr. Wenger has indirect beneficial ownership of 444.2051 shares held by children, 96,626 shares held by an IRA, and 3,851 shares held by a spouse's IRA.

Sentiment

Score: 5

Explanation: The filing reports a gift of shares by a director, which is a personal transaction and does not inherently indicate positive or negative sentiment regarding the company's operational performance or future prospects. The director retains a substantial stake.

Positives

• The transaction is a gift, not a sale for personal profit, which can sometimes be viewed as a less negative signal than an open market sale.
• The director retains a substantial direct and indirect holding of over 690,000 shares, indicating continued alignment with shareholder interests.

Negatives

• A reduction in direct beneficial ownership, even through a gift, slightly decreases the director's direct equity stake in the company.

Future Outlook

NA

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: The transaction is a minor reduction in a director's direct holdings, but the overall impact on the company's share price or strategic direction is negligible given the small number of shares relative to total outstanding shares and the director's remaining substantial holdings.

Key Dates

Keywords

Fulton Financial Corp, FULT, E. Philip Wenger, Director, SEC Form 4, insider transaction, common stock, beneficial ownership, gift, equity