Form 4: AUB Executive Sells Shares for Tax Withholding

Atlantic Union Bankshares EVP & CCO Douglas F. Woolley III reported routine sales of common stock to cover tax obligations from restricted stock vesting.

Summary

• Douglas F. Woolley III, EVP & CCO of Atlantic Union Bankshares Corp (AUB), reported two transactions involving the disposition of common stock.
• On February 22, 2026, 368 shares were disposed of at a price of $40.65 per share.
• On February 23, 2026, an additional 249 shares were disposed of at a price of $38.87 per share.
• These dispositions were identified as shares withheld to cover tax withholding obligations upon the vesting of restricted stock awards.
• Following these transactions, Mr. Woolley directly beneficially owns 32,273.832 shares and indirectly owns 7,304.1003 shares through an Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transactions are routine tax-related sales following restricted stock vesting and do not indicate a change in the executive's investment thesis or company performance.

Positives

• The vesting of restricted stock awards indicates continued compensation and retention of a key executive.
• The executive maintains a significant direct and indirect beneficial ownership in the company, aligning interests with shareholders.

Negatives

• The disposition of shares, while for tax purposes, represents a reduction in the executive's direct shareholding.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine tax-related sales of restricted stock by executives are common across the financial services industry and generally do not signal a change in management's outlook or confidence in the company.

Comparison to Industry Standards

• StockSavvy.ai observes that the practice of withholding shares to cover tax obligations upon restricted stock vesting is a standard compensation and tax management practice for executives across publicly traded companies, including those in the banking sector like JPMorgan Chase, Bank of America, and Wells Fargo. The reported transactions are consistent with typical executive compensation structures involving equity awards.

Related Party Transactions

• The reported transactions involve an executive (Douglas F. Woolley III) of Atlantic Union Bankshares Corp disposing of company stock, which is a form of related party transaction as defined by SEC regulations for insider reporting.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine tax-related sales and the executive retains significant ownership.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Recommendation

The filing details routine tax-related sales by an executive following restricted stock vesting. These transactions are standard and do not provide new information that would warrant a change in investment recommendation. The executive retains substantial ownership, suggesting continued alignment with shareholder interests. Therefore, a 'hold' recommendation is appropriate as this filing does not present a catalyst for significant price movement or a re-evaluation of the company's fundamentals.

Keywords

Atlantic Union Bankshares, AUB, Form 4, insider trading, stock sale, tax withholding, restricted stock, executive compensation, Douglas F. Woolley III