Form 4: United Community Banks Director Transfers Shares to Family Trust

Director Thomas A. Richlovsky transferred 2,856 shares of United Community Banks (UCB) common stock to a family trust on October 28, 2024.

Summary

• On October 28, 2024, Thomas A. Richlovsky, a director of United Community Banks Inc. (UCB), transferred 2,856 shares of UCB common stock to a family trust.
• The transfer was a disposition of shares directly held by Richlovsky and an acquisition by the trust.
• Following the transaction, Richlovsky directly owns 2,413 shares and indirectly owns 33,116 shares through the Thomas A. Richlovsky Trust DTD 9/24/98.
• Richlovsky and his immediate family are the sole beneficiaries of the trust.

Sentiment

Score: 5

Explanation: This is a neutral transaction, reflecting standard executive financial management. It doesn't inherently signal positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of insider transactions. It's common for executives and directors to manage their holdings for personal financial planning, including estate planning through trusts.

Related Party Transactions

• The transfer of shares to a family trust where the reporting person is a trustee and beneficiary constitutes a related party transaction.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a personal financial decision of a director.

Key Dates