Form 4: Director Ellett Acquires AUB Shares

Atlantic Union Bankshares Director Frank Russell Ellett acquired 992 shares of common stock, increasing his direct beneficial ownership to 80,031 shares.

Summary

• Frank Russell Ellett, a Director of Atlantic Union Bankshares Corp (AUB), acquired 992 shares of common stock.
• The transaction occurred on January 2, 2026, and was a direct issue from the Issuer.
• The acquisition price for these shares was $0, indicating a grant or award rather than a market purchase.
• Following this transaction, Ellett directly beneficially owns a total of 80,031 shares of Atlantic Union Bankshares Corp common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, a pre-arranged trading plan.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if granted as compensation, generally signals alignment of interests with shareholders and is a routine positive aspect of corporate governance.

Positives

• Increased insider ownership by a director, which can signal alignment of interests with shareholders.
• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-planned and transparent acquisition.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction, common across all industries, where a director receives shares, often as part of their compensation or incentive plan. It reflects standard corporate governance practices for executive and director remuneration.

Comparison to Industry Standards

• The acquisition of shares by a director as part of compensation is a standard practice in the financial services industry, aligning management interests with shareholder value.
• The use of a Rule 10b5-1(c) plan for such transactions is also a common and recommended governance practice to mitigate concerns about insider trading.

Corporate Governance

Related Party Transactions

• The direct issue of 992 shares of common stock from Atlantic Union Bankshares Corp to Director Frank Russell Ellett at a $0 price constitutes a related party transaction, typical for director compensation.

Stakeholder Impact

• Shareholders: May view the increased insider ownership as a minor positive signal of management's commitment and alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 reports a routine share acquisition by a director, likely as part of compensation. While it shows continued insider ownership, it does not provide sufficient new information or a material change in the company's fundamentals to warrant an alteration of an existing investment recommendation.

Keywords

Atlantic Union Bankshares, AUB, Form 4, Insider Trading, Director Share Acquisition, Stock Grant, Beneficial Ownership, Corporate Governance, Rule 10b5-1