Form 4: Atlantic Union Bankshares Director Acquires Phantom Stock
Insider Transaction Report
Atlantic Union Bankshares Director Ronald L. Tillett acquired 567 phantom stock units through a deferred compensation plan, increasing his indirect beneficial ownership.
Summary
- Ronald L. Tillett, a Director of Atlantic Union Bankshares Corp (AUB), acquired 567 shares of phantom stock.
- The transaction occurred on January 2, 2026, and was made pursuant to a Rule 10b5-1(c) plan.
- Each phantom stock unit is the economic equivalent of one share of common stock, with a price of $35.3 per unit.
- The phantom stock is payable in cash or common stock at a time elected by the reporting person in their deferred compensation election form.
- Following this transaction, Mr. Tillett indirectly beneficially owns 10,389.487 shares of common stock equivalent.
- This total includes 106.266 additional shares acquired through dividend reinvestment since the last Form 4 filing.
Sentiment
Score: 7
Explanation: The acquisition of phantom stock by a director, even as part of a deferred compensation plan, generally indicates a positive sentiment and confidence in the company's long-term prospects. The use of a 10b5-1 plan also reflects good governance.
Positives
- The acquisition of phantom stock by a director can signal confidence in the company's future performance.
- The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged, systematic approach to insider transactions, which is a positive governance practice.
Future Outlook
The filing does not contain specific forward-looking statements or guidance regarding the company's future performance, focusing solely on an insider transaction.
Industry Context
This insider transaction in Atlantic Union Bankshares, a regional bank holding company, is a routine disclosure for directors participating in deferred compensation plans. Such transactions are common across the financial services industry as part of executive and director compensation structures.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | 01/02/2026 | This indicates a pre-arranged trading plan, which is a best practice for corporate insiders to avoid accusations of trading on material non-public information, enhancing transparency and compliance. |
Related Party Transactions
- The acquisition of phantom stock is part of the reporting person's deferred compensation plan, which is a standard benefit arrangement between the company and its director.
Stakeholder Impact
- Shareholders may view the director's acquisition of additional equity equivalents as a positive signal of management's belief in the company's value and future performance.
Key Dates
| Date | Description |
|---|---|
| 01/02/2026 | Date of transaction for the acquisition of phantom stock. |
| 01/06/2026 | Date the Form 4 was signed by the Attorney-in-Fact for Ronald L. Tillett. |
Keywords
Atlantic Union Bankshares, AUB, Insider Transaction, Form 4, Phantom Stock, Deferred Compensation, Director Acquisition, Rule 10b5-1
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