Atul Malhotra - 01 May 2024 Form 4 Insider Report for FULTON FINANCIAL CORP (FULT)

Role
Chief Risk Officer
Signature
John R. Merva, Attorney-in-Fact
Issuer symbol
FULT
Transactions as of
01 May 2024
Net transactions value
-$23,239
Form type
4
Filing time
03 May 2024, 11:25:11 UTC
Previous filing
16 Feb 2024
Next filing
10 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FULT $2.50 par value Common Stock Options Exercise $0 +4,007 +44% $0.000000 13,164 01 May 2024 Direct
transaction FULT $2.50 par value Common Stock Tax liability $23,239 -1,375 -10% $16.90 11,789 01 May 2024 Direct F1, F2
holding FULT $2.50 par value Common Stock 5 01 May 2024 By IRA F3
holding FULT Depository shares - Non-Cummulative Perpetual Series A 11 01 May 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FULT Performance Stock Units Options Exercise $0 -4,007 -100% $0.000000* 0 01 May 2024 $2.50 par value Common Stock 4,007 Direct F5, F6
transaction FULT Restricted Stock Units Award $0 +2,180 $0.000000 2,180 01 May 2024 $2.50 par value Common Stock 2,180 Direct F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to cover the reporting person's tax liability.
F2 Includes 90.124 shares acquired on April 15, 2024 and 13.73025 shares acquired on April 17, 2024 pursuant to dividend reinvestment.
F3 Includes 0.061 shares acquired on April 15, 2024 pursuant to dividend reinvestment.
F4 Includes 0.184 shares acquired on April 15, 2024 pursuant to dividend reinvestment.
F5 Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock.
F6 Reflects the earning and vesting of certain performance-based restricted stock units ("PSUs"), including accrued dividend equivalents, as of May 1, 2024. The PSUs were granted on May 1, 2021. The PSUs were earned and vested based upon Fulton Financial Corporation's level of achievement of total shareholder return, relative to a defined peer group, and net income goals during the applicable performance periods, as specified at the time of grant.
F7 Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock.
F8 Restricted stock unit award granted May 1, 2024 under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan.
F9 The restricted stock units cliff vest three years from the grant date. Vested shares will be delivered to the reporting person three years from the grant date.