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Fifth Third Bancorp Executive VP & Chief Information Officer Jude Schramm Sells 34% Of Holding
We wouldn't blame Fifth Third Bancorp (NYSE:FITB) shareholders if they were a little worried about the fact that Jude Schramm, the Executive VP & Chief Information Officer recently netted about US$1.1m selling shares at an average price of US$53.14. That's a big disposal, and it decreased their holding size by 34%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At Fifth Third Bancorp
The Independent Director, Mitchell Feiger, made the biggest insider sale in the last 12 months. That single transaction was for US$5.3m worth of shares at a price of US$54.91 each. That means that an insider was selling shares at around the current price of US$53.93. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Fifth Third Bancorp insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for Fifth Third Bancorp
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Insider Ownership Of Fifth Third Bancorp
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Fifth Third Bancorp insiders own about US$164m worth of shares (which is 0.3% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Fifth Third Bancorp Tell Us?
Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that Fifth Third Bancorp has 2 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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