Form 4: United Community Banks Director Transfers Shares in Trust

Jennifer M. Bazante, a director at United Community Banks, transferred 4,104 shares of common stock to a revocable trust on November 14, 2024.

Summary

• Jennifer M. Bazante, a director of United Community Banks Inc., engaged in a transaction involving the company's common stock on November 14, 2024.
• Ms. Bazante transferred 4,104 shares of common stock to a revocable trust.
• The transfer involved a disposition of 4,104 shares from her direct holdings and an acquisition of 4,104 shares by the Jennifer Mumby Bazante Revocable Trust dated August 26, 2021.
• The price per share for both the disposition and acquisition was $0, indicating a transfer rather than a sale.
• Following the transaction, Ms. Bazante directly owns 4,254 shares and the trust indirectly owns 4,104 shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a share transfer, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors, to report changes in their beneficial ownership of company securities.
• The transfer of shares to a revocable trust is a common estate planning strategy and does not indicate a change in the director's overall economic interest in the company.

Stakeholder Impact

• The share transfer has no immediate impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

United Community Banks, Director, Share Transfer, Beneficial Ownership, Revocable Trust, Form 4, SEC Filing