Form 4: Atlantic Union Bankshares Corp Director Acquires Phantom Stock

Director Ronald L. Tillett acquired phantom stock in Atlantic Union Bankshares Corp through a non-qualified plan.

Summary

• On July 1, 2024, Ronald L. Tillett, a director of Atlantic Union Bankshares Corp, acquired 495 shares of phantom stock.
• The phantom stock was acquired through a non-qualified deferred compensation plan.
• The price of the phantom stock is based on the market closing price of Atlantic Union Bankshares Corp common stock on the last trading day before the transaction date, which was $32.85.
• Following the transaction, Tillett beneficially owns 8,733.394 derivative securities.
• This includes 82.59 additional shares acquired through dividend reinvestment since the reporting person's last Form 4, and a deduction of 3 shares previously overly reported on the person's last Form 4 (163.767 were reported but 160.767 were acquired).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial industry.

Stakeholder Impact

• The transaction may have a minor impact on shareholders, as it reflects insider activity.

Key Dates