Form 4: Atlantic Union Bankshares Director Acquires Phantom Stock

Frederick Blair Wimbush, a director at Atlantic Union Bankshares, acquired 528 shares of phantom stock on January 2, 2025, through a non-qualified deferred compensation plan.

Summary

• Frederick Blair Wimbush, a director of Atlantic Union Bankshares Corp, acquired 528 shares of phantom stock on January 2, 2025.
• The phantom stock was acquired through a non-qualified deferred compensation plan.
• Each share of phantom stock is equivalent to one share of common stock.
• The phantom stock will be payable in cash or common stock at a time elected by the reporting person.
• The price of the phantom stock was $37.88 per share, based on the market closing price on the last trading day before the transaction date.
• Mr. Wimbush also indirectly owns 9,836.695 shares of common stock through a trustee of a non-qualified plan, which includes 73.6550 shares acquired through dividend reinvestment since the last Form 4 filing.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment.

Positives

• The acquisition of phantom stock by a director may indicate confidence in the company's future performance.

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 publicly traded companies in the United States, and this filing is consistent with those requirements.
• Many financial institutions use deferred compensation plans that include phantom stock as part of their executive compensation packages.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is related to director compensation.

Key Dates

Keywords

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