Form 4: Atlantic Union Bankshares Corp Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Shawn E. O'Brien, EVP of Atlantic Union Bankshares Corp, reports changes in beneficial ownership of common stock due to tax withholding upon vesting of restricted stock.
Summary
- Shawn E. O'Brien, an Executive Vice President at Atlantic Union Bankshares Corp, filed a Form 4 to report changes in beneficial ownership.
- The reported transactions involve the withholding of common stock to cover tax obligations upon the vesting of restricted stock awards.
- These transactions occurred between February 22, 2025, and February 24, 2025.
- The price per share for the withheld stock was approximately $35.26 on February 22nd and 23rd, and $35.16 on February 24th.
- Following these transactions, O'Brien directly owns 19,086.95 shares of common stock and indirectly owns 218.2614 shares through an employee stock ownership plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. It is standard practice for companies to withhold shares to cover tax obligations when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of earliest transaction: withholding of shares for tax obligations. |
| 02/22/2025 | Withholding of 429 shares of common stock at $35.26. |
| 02/23/2025 | Withholding of 488 shares of common stock at $35.26. |
| 02/24/2025 | Withholding of 196 shares of common stock at $35.16. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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