Form 4: Atlantic Union Bankshares CEO John C. Asbury Reports Share Transactions Following PSU Vesting

Atlantic Union Bankshares CEO John C. Asbury acquired 19,444 shares of common stock through the vesting of Performance Share Units and disposed of 6,012 shares to cover tax obligations.

Summary

• John C. Asbury, CEO of Atlantic Union Bankshares, acquired 19,444 shares of common stock on January 29, 2025, due to the vesting of Performance Share Units (PSUs) granted on February 24, 2022.
• Simultaneously, 6,012 shares were disposed of to satisfy tax withholding requirements related to the vesting of the PSUs.
• Following these transactions, Asbury directly owns 242,131 shares of common stock and indirectly owns 582.8146 shares through the company's ESOP.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the vesting of previously granted equity awards.

Comparison to Industry Standards

• The vesting of performance share units is a standard practice in executive compensation across the financial industry.
• Many financial institutions use PSUs as a long-term incentive to align executive interests with shareholder value.
• The tax withholding process is also a standard procedure when equity awards vest.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the vesting of previously granted compensation.
• The transactions do not have a material impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Atlantic Union Bankshares, AUB, John C. Asbury, Performance Share Units, PSU, share vesting, insider trading, executive compensation, stock ownership