Form 4: Atlantic Union Bankshares EVP and CFO Gorman Receives Restricted Stock Award

Robert Michael Gorman, EVP and CFO of Atlantic Union Bankshares Corp, reports the acquisition of 12,759 shares of common stock through a restricted stock award on February 27, 2025.

Summary

• Robert Michael Gorman, the EVP and CFO of Atlantic Union Bankshares Corp, filed a Form 4 on March 3, 2025, reporting a change in beneficial ownership.
• On February 27, 2025, Gorman acquired 12,759 shares of Atlantic Union Bankshares Corp common stock through a time-based restricted stock award.
• The acquisition price was $0 per share.
• Following the transaction, Gorman directly owns 90,466 shares of common stock and indirectly owns 2,340.7184 shares through a trustee of the ESOP.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The acquisition of restricted stock aligns the executive's interests with those of the shareholders.
• The award of restricted stock is a common practice to incentivize and retain key executives.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The restricted stock award aligns the executive's interests with those of the shareholders, potentially leading to better performance.

Key Dates