Form 4: Atlantic Union Bankshares Corp Executive Douglas F. Woolley III Reports Stock Disposals for Tax Obligations

Douglas F. Woolley III, EVP & CCO of Atlantic Union Bankshares Corp, reports disposing of shares to cover tax withholding obligations related to vesting restricted stock.

Summary

• Douglas F. Woolley III, an executive at Atlantic Union Bankshares Corp, filed a Form 4 detailing changes in beneficial ownership.
• The reported transactions involve the disposal of common stock to cover tax withholding obligations upon the vesting of restricted stock awards.
• The transactions occurred between February 22, 2025, and February 24, 2025.
• A total of 377, 545, and 174 shares were disposed of on those respective dates at prices of $35.26, $35.26, and $35.16.
• Following these transactions, Woolley directly owns 27,254.638 shares of common stock and indirectly owns 6,963.7647 shares through an employee stock ownership plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't indicate any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates