Form 4: Atlantic Union Bankshares Corp Executive Vice President Reports Share Transactions

Maria P. Tedesco, an Executive Vice President at Atlantic Union Bankshares Corp, reported the vesting of performance share units and subsequent tax withholding transactions.

Summary

• Maria P. Tedesco, an Executive Vice President at Atlantic Union Bankshares Corp, reported transactions involving the company's common stock.
• On January 29, 2025, 10,448 performance share units (PSUs) vested, which were granted on February 24, 2022.
• 3,323 shares were withheld to cover tax obligations related to the vesting of the PSUs.
• Following these transactions, Ms. Tedesco directly owns 75,540.588 shares and indirectly owns 275.2023 shares through the company's ESOP.
• The reported direct holdings include 663.280 additional shares acquired through dividend reinvestment since the last Form 4 filing.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative. It is a neutral event.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure of insider transactions. It is common for executives to receive stock-based compensation and for shares to be withheld for taxes upon vesting.

Comparison to Industry Standards

• The vesting of performance share units and subsequent tax withholding is a common practice in executive compensation across the financial industry.
• Many financial institutions use similar stock-based compensation plans to align executive interests with shareholder value.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• The tax withholding reduces the number of shares held by the executive, which is a normal part of the vesting process.

Key Dates

Keywords

Form 4, insider trading, share transactions, performance share units, PSUs, stock vesting, tax withholding, dividend reinvestment, Atlantic Union Bankshares Corp, AUB