Form 4: Atlantic Union Bankshares Director Acquires Phantom Stock

Ronald L. Tillett, a director at Atlantic Union Bankshares Corp, acquired 528 shares of phantom stock on January 2, 2025, at a price of $37.88 per share.

Summary

• Ronald L. Tillett, a director of Atlantic Union Bankshares Corp, acquired 528 shares of phantom stock on January 2, 2025.
• The phantom stock was acquired at a price of $37.88 per share.
• These shares are the economic equivalent of common stock and will be payable in cash or common stock at a later date, as elected by Mr. Tillett.
• Mr. Tillett also holds 9,836.693 shares of phantom stock indirectly through a non-qualified deferred compensation plan, which includes 73.6540 shares acquired through dividend reinvestment since his last Form 4 filing.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is neither positive nor negative, but is a normal part of corporate governance. The sentiment is neutral to slightly positive as it shows the director's continued investment in the company.

Future Outlook

The phantom stock will be payable in cash or common stock at a time elected by the reporting person.

Industry Context

This is a routine filing related to insider transactions, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this transaction is consistent with typical reporting requirements.
• Many financial institutions use phantom stock as part of their compensation plans, and the terms of this plan appear to be standard.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a director's compensation and investment in the company.

Key Dates

Keywords

phantom stock, director, insider trading, deferred compensation, Atlantic Union Bankshares, AUB