Form 4: Atlantic Union Bankshares Director Ronald Tillett Acquires Phantom Stock

Ronald L. Tillett, a Director at Atlantic Union Bankshares Corp, acquired 639 shares of phantom stock on July 1, 2025, increasing his indirect beneficial ownership.

Summary

• Ronald L. Tillett, a Director of Atlantic Union Bankshares Corp (AUB), reported an acquisition of phantom stock.
• The transaction occurred on July 1, 2025.
• Mr. Tillett acquired 639 shares of phantom stock.
• The price per phantom stock share was $31.28, based on the market closing price on the trading day before the transaction date.
• Following this transaction, Mr. Tillett beneficially owns a total of 9,057.594 shares of phantom stock indirectly through a non-qualified deferred compensation plan.
• The total beneficial ownership includes 92.512 additional shares acquired through dividend reinvestment since the reporting person's last Form 4 filing.
• Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in cash or common stock at the reporting person's election, with installment distributions payable only in cash.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock by a director, including shares from dividend reinvestment, indicates continued participation and alignment of interests, generally viewed positively as a sign of confidence, though it's part of a compensation plan rather than an open market purchase.

Positives

• The acquisition of phantom stock by a director, particularly including shares from dividend reinvestment, indicates continued participation and alignment of interests with shareholders.
• The transaction is part of a deferred compensation plan, suggesting a structured approach to executive compensation and retention.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction for a director of a bank holding company. Such transactions are common and typically reflect compensation arrangements or personal investment decisions rather than broader industry trends.

Related Party Transactions

• The acquisition of phantom stock is part of a non-qualified deferred compensation plan, which represents a transaction between the company and a director (a related party).

Stakeholder Impact

• Shareholders: The director's increased beneficial ownership (via phantom stock) may be perceived as a positive signal of confidence in the company's future, aligning management interests with shareholder value.

Key Dates

Keywords

Atlantic Union Bankshares, AUB, Form 4, insider transaction, phantom stock, director, beneficial ownership, deferred compensation