Form 4: Atlantic Union Bankshares Corp Director Reports Phantom Stock Acquisition

Director Patrick E. Corbin reports acquisition of phantom stock units equivalent to 642 shares of common stock in Atlantic Union Bankshares Corp through a non-qualified deferred compensation plan.

Summary

• On April 1, 2025, Patrick E. Corbin, a director of Atlantic Union Bankshares Corp, acquired 642 units of phantom stock.
• These phantom stock units are economically equivalent to shares of common stock.
• The acquisition occurred through a non-qualified deferred compensation plan.
• The price of the phantom stock is based on the market closing price of the common stock on the trading day before the transaction date, which was $31.14.
• Corbin indirectly owns 30,294.946 derivative securities through a trustee of a non-qualified plan.
• This amount includes 279.976 additional shares acquired through dividend reinvestment since the last Form 4 filing.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing detailing a routine transaction related to director compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The phantom stock becomes payable in cash or common stock at the time elected by the reporting person in their deferred compensation election form; provided, that if the reporting person elected to receive distributions under the Company's non-qualified deferred compensation plan in installments, such amounts are payable only in cash.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates a director's participation in a deferred compensation plan, a common practice in executive compensation.

Key Dates

Keywords

Form 4, Atlantic Union Bankshares Corp, AUB, Phantom Stock, Director, Patrick E. Corbin, Deferred Compensation, Beneficial Ownership