Form 4: Fulton Financial Director Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Fulton Financial Corporation Director E. Philip Wenger reported the sale of 5,000 shares of common stock, executed under a pre-arranged 10b5-1 trading plan.
Summary
- E. Philip Wenger, a Director at Fulton Financial Corporation, reported a transaction involving the sale of 5,000 shares of common stock.
- The sale occurred on April 13, 2026, at a weighted average price of $21.4174 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted by Mr. Wenger on June 13, 2025.
- Following the sale, Mr. Wenger beneficially owns 80,477 shares directly.
- Additional indirect holdings include 578,802.0447 shares held via an IRA and 456.014 shares held by children.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as the sale was conducted under a pre-established 10b5-1 plan, which is a standard and regulated method for insiders to sell shares.
Negatives
- Director E. Philip Wenger sold 5,000 shares of common stock.
Future Outlook
No specific future outlook or guidance is provided in this filing, which solely reports a past transaction.
Industry Context
StockSavvy.ai notes that Form 4 filings, particularly those involving Rule 10b5-1 plans, are standard disclosures for significant company insiders. The sale of shares by a director, while requiring disclosure, is often executed under pre-determined plans to avoid insider trading concerns, indicating a structured approach to personal financial management rather than a negative signal about the company's prospects.
Stakeholder Impact
- Shareholders: The sale of shares by a director may be perceived by some shareholders as a negative signal, although the use of a 10b5-1 plan mitigates this concern by indicating a pre-planned transaction.
- Management: The transaction is a routine disclosure for management and does not directly impact other management personnel.
- Employees: No direct impact on employees is indicated by this filing.
- Creditors: No impact on creditors is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 2025-06-13 | Date Rule 10b5-1 trading plan was adopted by E. Philip Wenger. |
| 2025-12-15 | Date Power of Attorney was executed by E. Philip Wenger. |
| 2026-01-20 | Date of dividend reinvestment acquisition of shares. |
| 2026-04-13 | Transaction date for the sale of 5,000 shares. |
| 2026-04-14 | Date of signature for the Form 4 filing. |
Keywords
Fulton Financial Corporation, FULT, Form 4, SEC Filing, Insider Trading, 10b5-1 Plan, Stock Sale, Director Transaction, Beneficial Ownership
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