Fifth Third (FITB) EVP trades shares after SAR exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fifth Third Bancorp executive Jude Schramm reported a net sale of 14,896 common shares of FITB. On February 23, he exercised 14,228 stock appreciation rights at $26.72 per share into the same number of common shares, then disposed of 10,332 shares at $50.71 to cover tax obligations.
He also completed several open-market sales of common stock on February 23–24 totaling 14,896 shares at prices around $50.55–$50.99. After these transactions, he directly owned 141,460 common shares of Fifth Third Bancorp.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,896 shares ($757,515)
Net Sell
9 txns
Insider
Schramm Jude
Role
EVP & CIO
Sold
14,896 shs ($758K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 395 | $50.55 | $20K |
| Sale | Common Stock | 3,501 | $50.5408 | $177K |
| Exercise | Stock Appreciation Rights | 14,228 | $0.00 | -- |
| Exercise | Common Stock | 14,228 | $26.72 | $380K |
| Tax Withholding | Common Stock | 10,332 | $50.71 | $524K |
| Sale | Common Stock | 16 | $50.99 | $815.84 |
| Sale | Common Stock | 547 | $50.98 | $28K |
| Sale | Common Stock | 3,267 | $50.97 | $167K |
| Sale | Common Stock | 7,170 | $50.96 | $365K |
Holdings After Transaction:
Common Stock — 144,961 shares (Direct);
Stock Appreciation Rights — 0 shares (Direct)
Footnotes (1)
- Indicates grant date. Stock appreciation rights are exercisable in thirds beginning on the first anniversary of the grant date with one-third of the total grant vesting annually over a three-year period. Granted pursuant to Fifth Third Bancorp Incentive Compensation Plan. No consideration paid.
FAQ
What insider transactions did FITB executive Jude Schramm report?
Jude Schramm reported exercising 14,228 stock appreciation rights into common stock, then selling 14,896 common shares in open-market trades. He also disposed of 10,332 shares to satisfy tax obligations, ending with direct ownership of 141,460 Fifth Third Bancorp common shares.
What stock appreciation rights activity did FITB disclose for Jude Schramm?
The filing shows Jude Schramm exercised 14,228 stock appreciation rights on February 23 at $26.72 per share, converting them into the same number of Fifth Third Bancorp common shares. These rights were granted under the company’s Incentive Compensation Plan with no consideration paid.