Form 4: Atlantic Union Bankshares Corp: President and CEO John C. Asbury Reports Stock Transactions

John C. Asbury, President and CEO of Atlantic Union Bankshares Corp, reports the disposal of shares to cover tax withholding on vesting restricted stock.

Summary

• John C. Asbury, the President and CEO of Atlantic Union Bankshares Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the disposal of common stock on February 22, 2025, February 23, 2025, and February 24, 2025, to cover tax withholding upon the vesting of restricted stock awards.
• The price per share for these transactions was $35.26 on February 22 and 23, and $35.16 on February 24.
• Following these transactions, Asbury directly owns 235,082 shares of common stock and indirectly owns 654.1915 shares through a trustee of the ESOP.
• The transactions were executed to satisfy tax obligations related to the vesting of restricted stock.
• Rachael R. Lape, Attorney-in-Fact, signed the report on February 25, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes; it doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates