Form 4: Director Wimbush Acquires AUB Phantom Stock

Atlantic Union Bankshares Director Frederick Blair Wimbush acquired 567 shares of phantom stock, increasing his indirect beneficial ownership.

Summary

• Frederick Blair Wimbush, a Director of Atlantic Union Bankshares Corp (AUB), acquired 567 shares of phantom stock.
• The transaction occurred on January 2, 2026.
• Each phantom stock share is the economic equivalent of one share of common stock.
• The phantom stock is payable in cash or common stock, depending on the reporting person's deferred compensation election.
• The price of the derivative security was $35.3 per share.
• Following this transaction, Mr. Wimbush indirectly beneficially owns 12,708.892 shares through a Trustee of a Non-Qualified Plan.
• This total includes 131.360 additional shares acquired through dividend reinvestment since the last Form 4 filing.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by a director is generally a positive signal of confidence, though it's a routine compensation-related transaction rather than an open market purchase. It doesn't significantly alter the company's fundamental outlook but shows continued alignment of interests.

Positives

• A director is increasing their beneficial ownership in the company, which can signal confidence in future performance.
• The acquisition of phantom stock aligns the director's interests with those of shareholders.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the nature of the phantom stock becoming payable at a future elected time.

Industry Context

This Form 4 filing reports an individual director's transaction and does not provide broader industry context or trends. It is a routine disclosure of insider activity within the financial services sector.

Related Party Transactions

• Frederick Blair Wimbush, a director, acquired phantom stock from Atlantic Union Bankshares Corp as part of a deferred compensation plan, which constitutes a transaction between a related party and the issuer.

Stakeholder Impact

• Shareholders: The director's increased beneficial ownership (via phantom stock) aligns their interests with shareholders, potentially signaling confidence in the company's long-term value.
• Employees: The transaction relates to a non-qualified deferred compensation plan, which is a benefit for certain employees/executives.

Next Steps

• The phantom stock will become payable, in cash or common stock, at the time elected by the reporting person in their deferred compensation election form.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where a director acquired phantom stock as part of a deferred compensation plan. While it indicates continued alignment of interests and confidence from the director, it is not an open market purchase and does not provide new fundamental information about the company's operational or financial performance that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Atlantic Union Bankshares, AUB, Frederick Blair Wimbush, Director, Phantom Stock, Insider Trading, SEC Form 4, Beneficial Ownership, Deferred Compensation