Form 4: Atlantic Union Bankshares Director Acquires Phantom Stock

Director Joel R. Shephard acquired 528 shares of phantom stock in Atlantic Union Bankshares Corp through a non-qualified deferred compensation plan.

Summary

• Joel R. Shephard, a director at 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 paid out 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.

Sentiment

Score: 6

Explanation: The document is a routine filing of an insider transaction, which is neither particularly positive nor negative. It indicates a director's participation in a deferred compensation plan.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign of confidence in the company's future.

Future Outlook

The phantom stock will be paid out in cash or common stock at a time elected by the reporting person, or in installments if previously elected.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Similar filings are common across the financial industry for directors and officers who receive stock-based compensation.
• Many financial institutions use deferred compensation plans as part of their executive compensation packages.

Stakeholder Impact

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

Key Dates

Keywords

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