Form 4: AUB Executive Receives Restricted Stock Award

Atlantic Union Bankshares EVP & CCO Douglas F. Woolley III was granted 4,409 shares of restricted stock and had 414 shares withheld for tax purposes.

Summary

• Douglas F. Woolley III, EVP & CCO of Atlantic Union Bankshares Corp (AUB), reported changes in his beneficial ownership.
• On February 27, 2026, 414 shares of Common Stock were disposed of at a price of $37.06 per share to cover tax withholding upon the vesting of a restricted stock award.
• Following this transaction, Mr. Woolley directly owned 31,610.832 shares of Common Stock.
• On March 2, 2026, Mr. Woolley acquired 4,409 shares of Common Stock through an award of time-based restricted stock, with a transaction price of $0.
• After this acquisition, his direct beneficial ownership increased to 36,019.832 shares of Common Stock.
• Additionally, Mr. Woolley indirectly owns 7,304.1003 shares through the Trustee of an ESOP.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive compensation and alignment of interests through a significant restricted stock award, with the tax withholding being a neutral, routine administrative action.

Positives

• Douglas F. Woolley III, EVP & CCO, received an award of 4,409 shares of time-based restricted stock, aligning his interests with long-term shareholder value.

Negatives

• 414 shares were disposed of to cover tax withholding obligations related to the vesting of a restricted stock award, which is a standard procedure and not indicative of a negative sentiment or sale.

Future Outlook

na

Industry Context

StockSavvy.ai notes that restricted stock awards are a common and effective form of executive compensation in the banking sector, designed to incentivize long-term performance and align management's financial interests with those of shareholders. The withholding of shares for tax purposes upon vesting is a standard practice across industries.

Comparison to Industry Standards

• The use of restricted stock awards as a component of executive compensation is a widely adopted practice among publicly traded banks and financial institutions, consistent with industry standards for aligning executive incentives with shareholder value creation.
• The mechanism of withholding shares to cover tax obligations upon the vesting of restricted stock is a standard and efficient method employed by most companies offering such equity compensation, comparable to practices at peers like Truist Financial Corporation (TFC) or PNC Financial Services Group (PNC).

Stakeholder Impact

• Shareholders: The acquisition of restricted stock by a key executive increases management's direct stake in the company, potentially strengthening alignment between executive and shareholder interests for long-term performance.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (restricted stock award and tax withholding) and does not present new information that would fundamentally alter the investment thesis for Atlantic Union Bankshares. It is a standard disclosure of insider transactions, not a catalyst for a strong buy or sell recommendation.

Keywords

Atlantic Union Bankshares, AUB, Form 4, Insider Transaction, Restricted Stock Award, Executive Compensation, Beneficial Ownership, Douglas F. Woolley III