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 deferred compensation plan.

Summary

• On April 1, 2025, Frederick Blair Wimbush, a director of Atlantic Union Bankshares Corp, acquired 642 shares of phantom stock.
• The phantom stock is the economic equivalent of common stock and will be payable in cash or common stock based on the reporting person's election.
• The price of the phantom stock was $31.14 per share, based on the market closing price on the trading day before the transaction date.
• Following the transaction, Wimbush beneficially owns 10,572.456 derivative securities.
• These holdings are indirect, held by the trustee of a non-qualified plan (deferred compensation).
• The reported holdings include 93.761 additional shares acquired through dividend reinvestment since the last Form 4 filing.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's participation in a deferred compensation plan, which is a common practice.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock, Director, Atlantic Union Bankshares, AUB, Deferred Compensation