Myers Curtis J

Chairman & CEO Myers sells $654K stake while stock is off recent highs; prior exit was well-timed as shares fell afterward.

Myers Curtis J, the Chairman and CEO of Fulton Financial, executed a modest sale of shares valued at $654K, representing about 12% of his holdings, while simultaneously exercising equity awards and acquiring additional shares through a stock plan — a pattern that reflects both the mechanics of equity compensation and deliberate open-market reduction. The stock is currently trading below its 52-week high and has declined modestly over recent months, placing this sale in a pullback environment. Notably, Myers has only one prior open-market sale on record, which proved to be well-timed: the stock fell in the months following that exit, suggesting he has demonstrated some sensitivity to selling at opportune moments. His net position from this filing activity increased by over 31,000 shares when factoring in acquisitions and exercises, meaning this sale is part of a larger rebalancing rather than an outright exit from the company. The company itself remains solidly profitable and trades at a reasonable valuation, though recent revenue growth has softened, potentially explaining selective trimming of his equity stake.

FULT Chairman Myers Curtis J sold 24,192 shares at $21.16 on 2024-12-06; retains 155,945 shares post-sale

Myers Curtis J, Chairman & CEO of Fulton Financial, sold 24,192 shares at $21.16 on 2024-12-06, reducing holdings by 13.4% to 155,945 shares and generating $512,006.75 in proceeds. The transaction occurred near the company's 52-week high ($21.99), with shares currently trading at $20.98. While the CEO's cross-ticker track record shows 1 prior buy with a 100% 90-day win rate (+42.7% average return), this sale represents his first open-market transaction at FULT—his prior recorded trade at this ticker was a buy in May 2023 that returned +32.1% and +42.7% at 30 and 90-day intervals. The company's fundamentals show modest annual revenue growth of +0.6% with a P/E of 13.45 and recent quarterly net income of $63.2M against $59.7M revenue. The sale's timing and size do not clearly signal deterioration in the CEO's conviction absent additional context on personal liquidity needs or portfolio rebalancing.