Form 4: Atlantic Union Bankshares CEO Asbury Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
John C. Asbury, President and CEO of Atlantic Union Bankshares Corp, disposed of 403 shares of common stock on March 15, 2025, to cover tax withholding obligations upon vesting of a restricted stock award.
Summary
- On March 15, 2025, John C. Asbury, the President and CEO of Atlantic Union Bankshares Corp, disposed of 403 shares of common stock.
- The transaction was executed to cover tax withholding requirements associated with the vesting of a restricted stock award.
- The shares were sold at a price of $32.37 per share.
- Following the transaction, Asbury directly owns 263,032 shares of Atlantic Union Bankshares Corp common stock and indirectly owns 654.1915 shares through a trustee of an ESOP.
Sentiment
Score: 6
Explanation: The document reflects a neutral event (tax obligation coverage) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of transaction: sale of 403 shares of common stock. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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