Form 4: Director Corbin Acquires Phantom Stock in Atlantic Union Bankshares Corp

Director Patrick E. Corbin acquired phantom stock equivalent to 763 shares of common stock in Atlantic Union Bankshares Corp on October 1, 2024, through a non-qualified deferred compensation plan.

Summary

• On October 1, 2024, Patrick E. Corbin, a director of Atlantic Union Bankshares Corp, acquired 763 shares of phantom stock.
• The phantom stock is the economic equivalent of common stock and was acquired through a non-qualified deferred compensation plan.
• The price of the phantom stock is based on the market closing price of $37.67 on the last trading day before the transaction date.
• Following the transaction, Corbin beneficially owns 28,616.733 shares of phantom stock, which includes 223.499 shares acquired through dividend reinvestment since the last Form 4 filing.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of insider trading activity. The acquisition of phantom stock could be seen as a positive sign, but it's not a significant event.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, such as directors and officers, trade their company's stock. These filings provide transparency into insider transactions and are closely monitored by investors for insights into management's perspective on the company's value and prospects.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, but it provides transparency into insider activity.

Key Dates