Form 4: Atlantic Union Bankshares Director Patrick J. McCann Reports Acquisition of Common Stock

Patrick J. McCann, a director of Atlantic Union Bankshares Corp, reported the acquisition of 431 shares of common stock on October 1, 2024.

Summary

• On October 1, 2024, Patrick J. McCann, a director of Atlantic Union Bankshares Corp, acquired 431 shares of common stock.
• The shares were acquired directly from the issuer at a price of $0.
• Following the transaction, McCann directly owns 29,682 shares of common stock.
• McCann also indirectly owns 201 shares of common stock through his spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The director's increased stake could be seen as slightly positive, but it's not a major event.

Positives

• Director Patrick J. McCann increased his holdings in Atlantic Union Bankshares Corp, signaling confidence in the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased investment.

Key Dates