Form 4: Atlantic Union Bankshares EVP Maria Tedesco Reports Stock Transactions

Maria Tedesco, EVP of Atlantic Union Bankshares, reports the disposal of common stock to cover tax withholding on vesting restricted stock.

Summary

• Maria Tedesco, an Executive Vice President at Atlantic Union Bankshares Corp [AUB], filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the disposal of common stock to cover tax withholding upon the vesting of restricted stock awards.
• Specifically, 1,154 shares were disposed of on February 22, 2025, 1,167 shares on February 23, 2025, and 714 shares on February 24, 2025, all at a price of approximately $35.26 per share.
• Following these transactions, Ms. Tedesco directly owns 72,505.588 shares of common stock and indirectly owns 335.4406 shares through the company's employee stock ownership plan (ESOP).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies, ensuring transparency in stock transactions.
• Similar filings are made by executives at comparable financial institutions like Truist Financial (TFC) and PNC Financial Services (PNC) when they engage in stock transactions.
• The level of detail provided in this Form 4 is consistent with industry norms, including transaction dates, share quantities, and prices.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates