Form 4: Fulton Financial Director Jennifer Craighead Reports Stock Transactions

Director Jennifer Craighead reports acquisition of restricted stock units and adjustments to common stock holdings in Fulton Financial Corporation.

Summary

• On June 1, 2024, Jennifer Craighead, a director of Fulton Financial Corporation, reported transactions involving the company's stock.
• Craighead acquired 4,751 restricted stock units, each representing a contingent right to receive one share of Fulton Financial Corporation common stock.
• These restricted stock units will convert to common stock on the first anniversary of the grant date or in up to three equal annual installments beginning in January following retirement or separation from the board.
• Forfeiture restrictions on the restricted stock units lapse on the first anniversary of the grant date or earlier, according to the Fulton Financial Corporation Amended and Restated 2023 Director Equity Plan.
• Craighead also reported owning 4,855.8819 shares of $2.50 par value common stock, which includes shares acquired through dividend reinvestment on January 17, 2024 (49.3992 shares) and April 17, 2024 (54.0448 shares).
• Following the reported transactions, Craighead beneficially owns 27,376.7004 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.

Future Outlook

The restricted stock units will convert to common stock on the first anniversary of the grant date or 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

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director stock ownership.
• The transactions have minimal impact on employees, customers, suppliers, and creditors.

Key Dates