Form 4: Atlantic Union Bankshares Director Acquires Phantom Stock

Director Frederick Blair Wimbush acquired phantom stock in Atlantic Union Bankshares Corp through a non-qualified plan.

Summary

• On April 1, 2024, Frederick Blair Wimbush, a director of Atlantic Union Bankshares Corp, acquired 460 shares of phantom stock.
• 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 and will be paid in cash or common stock at a later date.
• The price of the phantom stock was $35.31 per share, based on the market closing price on the last trading day before the transaction date.
• Following the transaction, Wimbush beneficially owns 8,155.805 derivative securities.
• This includes 73.033 additional shares acquired through dividend reinvestment since the reporting person's last Form 4.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's securities.

Key Dates