Form 4: Atlantic Union Bankshares Director Acquires Phantom Stock

Director Ronald L Tillett acquired phantom stock in Atlantic Union Bankshares Corp through a non-qualified deferred compensation plan.

Summary

• On April 1, 2025, Ronald L Tillett, 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 is based on the market closing price of $31.14 on the trading day before the transaction date.
• Tillett indirectly owns 8,326.082 derivative securities following the reported transaction, including 72.389 shares acquired through dividend reinvestment since the last Form 4 filing.
• The phantom stock is held by the trustee of a non-qualified plan (deferred compensation).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The shares of phantom stock become payable, in cash or common stock, at the time elected by the reporting person in the reporting person's deferred compensation election form; provided, that if the reporting person elected to receive distributions under the Company's non-qualified deferred compensation plan in installments, such amounts are payable only in cash.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which is a common practice in publicly traded companies. It provides transparency into the trading activities of company directors and officers.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock within a deferred compensation plan.

Key Dates

Keywords

phantom stock, director, AUB, Atlantic Union Bankshares, Form 4, deferred compensation, insider trading