FULTON FINANCIAL CORP
For the period ended May 20, 2025. Filed Apr 1, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 20, 2025 · Filed Apr 1, 2025
Contents
Elements of Our Executive Compensation Program
Our executive compensation program currently provides for a mix of base salary, VCP Awards and long-term, equity-based incentive awards (“LTI Awards”). The HR Committee reviews these components and the effectiveness of our compensation program annually. The HR Committee generally targets a range around the median of our peer group for positioning target total direct NEO compensation. The purpose and key features of each element of our executive compensation program are as follows:
2025 Proxy Statement |37 | Fulton Financial Corporation
| 2024 CEO Actual Direct Compensation | Average for Other NEOs’ Actual Direct Compensation | Purpose and Key Features |
|---|---|---|
| Base Salary | ||
| Purpose: Attract, motivate and retain NEOs. Key Feature: Base salary based on NEO’s position, experience, responsibilities and performance. | ||
| Annual Cash Incentive Awards – VCP Awards | ||
| Purpose: Reward NEOs for the achievement of certain short-term financial, risk management and business goals. Key Feature: Reward NEOs for performance relative to the goals contained in our VCP scorecard. | ||
| Equity Awards – LTI Awards | ||
| Purpose: Focus NEOs’ attention on delivering long-term performance results that increase shareholder value. Key Feature: Reward NEOs for our relative TSR performance and encourage retention through time-based RSUs. | ||
| All Other Compensation(1) | ||
| Purpose: Attract and retain NEOs. See below under heading “Other Compensation Elements” for a description of the items included in “All Other Compensation.” | ||
| (1) | Mr. McCollom separated from Fulton on February 8, 2024. Pursuant to the terms of his separation agreement, Mr. McCollom received a separation payment of $325,000. This separation payment was excluded in determining the average All Other Compensation paid to the other NEOs. |
2025 Proxy Statement |38 | Fulton Financial Corporation
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