Form 4: Director Ronald L. Tillett Increases AUB Holdings
Statement of Changes in Beneficial Ownership
Director Ronald L. Tillett acquired 560 shares of phantom stock in Atlantic Union Bankshares Corp via a deferred compensation plan.
Summary
- Director Ronald L. Tillett acquired 560 shares of phantom stock on April 1, 2026.
- The transaction was executed at a price of $35.74 per share.
- Following this transaction, the director holds a total of 10,949.487 shares of phantom stock.
- The phantom stock is held through a trustee of a non-qualified deferred compensation plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.
Positives
- Director demonstrates continued alignment with company performance through deferred compensation participation.
Future Outlook
The phantom stock units are payable in cash or common stock at a time elected by the reporting person per their deferred compensation plan.
Management Comments
- Each share of phantom stock is the economic equivalent of one share of common stock.
Industry Context
StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice, signaling long-term commitment to the issuer's equity performance.
Comparison to Industry Standards
- The acquisition of phantom stock via deferred compensation is consistent with standard executive and director compensation practices in the regional banking sector.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine director compensation transaction.
Next Steps
- The reporting person will receive the value of the phantom stock in cash or common stock at a future date as per their election.
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Date of the phantom stock acquisition transaction. |
| 04/02/2026 | Date the Form 4 was signed and filed. |
Keywords
Atlantic Union Bankshares, AUB, Insider Trading, Form 4, Director Ownership, Deferred Compensation
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