Form 4: Fulton Financial Director James R. Moxley III Reports Stock Transactions

Director James R. Moxley III reports acquisition and disposal of Fulton Financial Corp stock and restricted stock units.

Summary

• On June 1, 2024, James R. Moxley III, a director of Fulton Financial Corporation, reported transactions involving the company's common stock and restricted stock units.
• Moxley acquired 7,249.9442 shares of common stock upon the lapse of forfeiture restrictions on restricted stock units.
• He also acquired 4,751 restricted stock units.
• Following these transactions, Moxley directly owns 93,268.4897 shares of Fulton Financial Corporation common stock.
• He also indirectly owns shares through a 401(k) (28,000 shares), children (20,342.6205 shares), spouse (1,356.1731 shares), and a family trust (39,115 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to compensation and dividend reinvestment. There's no indication of unusual activity that would suggest a strong positive or negative outlook.

Positives

• The acquisition of restricted stock units could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units will convert to common stock on the first anniversary of the date of the grant or, at the election of the reporting person, in up to three equal annual installments beginning in January of the year following the year in which the reporting person retires or separates from the Fulton Financial Corporation Board of Directors.

Industry Context

Tracking insider transactions is a common practice to gauge management's sentiment and confidence in the company's prospects. These transactions are publicly disclosed to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• Comparing Moxley's holdings and transactions to those of other directors in similarly sized financial institutions could provide insights into whether his level of ownership is typical or atypical.
• Analyzing the vesting schedules and terms of his restricted stock units against industry benchmarks for executive compensation can reveal whether Fulton Financial's compensation practices are competitive.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of the director's compensation and do not represent a significant change in ownership.

Key Dates