Form 4: Atlantic Union Bankshares Corp Director Shephard Acquires Phantom Stock

Director Joel R. Shephard acquired phantom stock in Atlantic Union Bankshares Corp through a non-qualified deferred compensation plan.

Summary

• On April 1, 2025, Joel R. Shephard, a director of Atlantic Union Bankshares Corp, acquired 642 shares of phantom stock.
• The phantom stock is the economic equivalent of common stock and becomes payable in cash or common stock at a future date elected by the reporting person.
• The price of the phantom stock is based on the market closing price of Atlantic Union Bankshares Corp common stock on the trading day before the transaction date, which was $31.14.
• Following the transaction, Shephard beneficially owns 1,175.033 derivative securities, including 5.033 shares acquired through dividend reinvestment since the last Form 4 filing.
• The phantom stock is held indirectly by the trustee of a non-qualified plan (deferred compensation).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, indicating a neutral 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.

Industry Context

This filing reflects routine executive compensation practices within publicly traded companies, where phantom stock or similar instruments are used as part of deferred compensation plans to align executive interests with shareholder value.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.

Key Dates

Keywords

Form 4, Atlantic Union Bankshares Corp, Director, Joel R. Shephard, Phantom Stock, Deferred Compensation, AUB, Beneficial Ownership