Form 4: Atlantic Union Bankshares CEO's Stock Activity

Atlantic Union Bankshares CEO John C. Asbury reported the acquisition of 34,808 restricted shares and the disposition of 4,263 shares for tax withholding.

Summary

• John C. Asbury, President and CEO of Atlantic Union Bankshares Corp (AUB), reported two transactions involving common stock.
• On February 27, 2026, 4,263 shares of common stock were disposed of at a price of $37.06 per share. These shares were withheld to cover tax obligations upon the vesting of a restricted stock award.
• On March 2, 2026, Mr. Asbury acquired 34,808 shares of common stock through an award of time-based restricted stock, with an acquisition price of $0.
• Following these transactions, Mr. Asbury directly beneficially owns 304,377 shares of common stock.
• Additionally, Mr. Asbury indirectly beneficially owns 726.7072 shares through the Trustee of an ESOP.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive, routine event. The restricted stock award demonstrates continued executive alignment with company performance, while the tax withholding is a standard, non-discretionary transaction.

Positives

• The award of 34,808 shares of time-based restricted stock to the President and CEO aligns management's interests with those of shareholders, indicating continued commitment to the company's performance.

Negatives

• The disposition of 4,263 shares of common stock at $37.06 per share was for tax withholding purposes upon the vesting of a restricted stock award, representing a reduction in direct beneficial ownership, though it is a standard practice.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that the award of restricted stock to executive leadership is a common practice in the financial services industry, particularly within regional banks like Atlantic Union Bankshares, serving to incentivize long-term performance and retain key talent. The subsequent withholding of shares for tax purposes is also a standard, non-discretionary event associated with such awards.

Stakeholder Impact

• Shareholders: The award of restricted stock to the CEO can be seen as a positive signal, aligning management's long-term interests with shareholder value creation. The tax withholding is a neutral, administrative event.

Next Steps

• The acquired time-based restricted stock is subject to a vesting schedule, implying future vesting events.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation, specifically a restricted stock award and shares withheld for tax. It does not contain new material information that would significantly alter the investment thesis or warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

AUB, Atlantic Union Bankshares, Form 4, insider transaction, restricted stock award, CEO stock, John C. Asbury, equity compensation