Form 4: Atlantic Union Bankshares EVP & CRO, Sherry Williams, Reports Tax Withholding Transaction
SEC Form 4 Filing
Sherry Williams, EVP & CRO of Atlantic Union Bankshares, reports the withholding of shares to cover tax obligations upon vesting of a restricted stock award.
Summary
- On October 31, 2024, Sherry Williams, EVP & CRO of Atlantic Union Bankshares Corp, had 654 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $37.8.
- Following the transaction, Williams directly owns 10,954 shares of Atlantic Union Bankshares Corp.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (tax withholding) and has no inherent positive or negative implications for the company's performance or outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This transaction reflects routine tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of transaction: Shares withheld for tax obligations. |
| 11/01/2024 | Date of signature on the Form 4 filing. |
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