Fifth Third Bancorp ($FITB) — on Feb 18 the Compensation Committee approved PSU grants to named execs to…
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Fifth Third Bancorp ($FITB) — on Feb 18 the Compensation Committee approved PSU grants to named execs to incent integration after its subsidiaries' merger with Comerica. PSUs tied to an integration scorecard (Feb 1–Dec 31, 2026), payout 0–125%. 🔁 #Merger #ExecComp
Grant values: CEO Timothy N. Spence $5.0M; James C. Leonard $1.5M; Bryan D. Preston, Robert P. Shaffer and Jude A. Schramm $1.0M each. Awards based on $FITB closing price on Feb 18, 2026. 💼 #Leadership #ExecComp
Vesting: 50% at 1yr, 50% at 2yr; PSUs require continued employment (vest on death/disability; eligible if involuntarily terminated in defined circumstances; otherwise forfeited). If ROATCE <2% for the prior fiscal year, committee may forfeit. 🔒 #Compensation #Governance