Form 4: United Community Banks CEO Harton H. Lynn Reports Stock Transaction
SEC Form 4 Filing
Harton H. Lynn, President & CEO of United Community Banks, Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 15, 2024, Harton H. Lynn, the President & CEO of United Community Banks, Inc. (UCB), reported a transaction involving the company's common stock.
- A total of 2,621 shares were disposed of at a price of $28.46 per share to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Lynn directly owns 168,157 shares of UCB common stock.
- Lynn also indirectly owns 140,646 shares through the Herbert Lynn Harton Revocable Trust dated March 16, 2015.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CEO, trade their company's stock. These filings provide transparency into the transactions of individuals with access to non-public information.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/16/2015 | Date of Herbert Lynn Harton Revocable Trust |
| 08/15/2024 | Date of stock transaction |
| 08/19/2024 | Date of signature on the report |
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