Form 4: Fulton Financial Director Wenger E Philip Reports Stock Transactions
SEC Form 4 Filing
Director E Philip Wenger reports the vesting of performance stock units and related tax withholding, impacting his beneficial ownership of Fulton Financial Corp stock.
Summary
- On May 1, 2025, E Philip Wenger, a director of Fulton Financial Corp, reported transactions involving the company's common stock.
- These transactions included the vesting of 207,992.2614 performance stock units (PSUs) and the withholding of 92,244.2614 shares to cover tax liabilities at a price of $16.91 per share.
- Following these transactions, Wenger directly owns 597,164.4976 shares and indirectly owns 444.2051 shares through children, 96,626 shares through an IRA, and 3,851 shares through a spouse's IRA.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
- The tax withholding impacts the director's personal finances.
Key Dates
| Date | Description |
|---|---|
| 05/01/2022 | Date the Performance Stock Units (PSUs) were granted. |
| 01/16/2025 | Date of acquisition of 3.5145 shares pursuant to dividend reinvestment. |
| 04/17/2025 | Date of acquisition of 4.5079 shares pursuant to dividend reinvestment. |
| 05/01/2025 | Date of the reported transactions, including PSU vesting and tax withholding. |
| 05/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Fulton Financial Corp, Director, Stock Transactions, Beneficial Ownership, Performance Stock Units, Tax Withholding, Insider Trading
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