David M. Campbell - 01 May 2023 Form 4 Insider Report for FULTON FINANCIAL CORP (FULT)

Role
Sr Executive Vice President
Signature
John R. Merva, Attorney-in-Fact
Issuer symbol
FULT
Transactions as of
01 May 2023
Net transactions value
-$213,083
Form type
4
Filing time
03 May 2023, 16:30:48 UTC
Previous filing
25 May 2022
Next filing
05 Jan 2024
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 +18,610 +84% $0.000000 40,812 01 May 2023 Direct
transaction FULT $2.50 par value Common Stock Tax liability $95,447 -8,096 -20% $11.79 32,716 01 May 2023 Direct
transaction FULT $2.50 par value Common Stock Sale $117,636 -10,514 -32% $11.19 22,202 03 May 2023 Direct F1

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 -5,476 -100% $0.000000* 0 01 May 2023 $2.50 par value Common Stock 18,610 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the weighted average price of shares sold in multiple transactions through a broker-dealer at prices ranging from $11.115 to $11.28, inclusive. The reporting person undertakes to provide the Securities and Exchange Commission, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.
F2 Each performance-based restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation's common stock.
F3 Reflects the earning and vesting of certain performance-based restricted stock units ("PSUs"), including accrued dividend equivalents, as of May 1, 2023. The PSUs were granted on May 1, 2020. The PSUs were earned and vested based upon Fulton Financial Corporation's level of achievement of return on assets, 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.