Form 4: United Community Banks EVP Abraham Cox Reports Acquisition of Restricted Stock Units

EVP and Chief Marketing Officer of United Community Banks, Abraham Cox, reports the acquisition of 2,598 restricted stock units.

Summary

• Abraham Cox, EVP and Chief Marketing Officer of United Community Banks, reported a transaction on February 10, 2025.
• Cox acquired 2,598 shares of Common Stock through a grant of time-based restricted stock units.
• These restricted stock units vest in four equal installments: 25% on February 15, 2026, February 15, 2027, February 15, 2028, and February 15, 2029.
• Following the reported transaction, Cox beneficially owns 13,293 shares of Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the company's future performance. The sentiment is neutral to positive.

Positives

• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.

Future Outlook

The executive's holdings will increase as the restricted stock units vest over the next four years, aligning their interests with the company's performance.

Industry Context

Granting restricted stock units is a common practice in the financial industry to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Many financial institutions, such as Bank of America and JPMorgan Chase, use restricted stock units as part of their executive compensation packages.
• The vesting schedules and amounts granted are typically benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively, as it aligns executive interests with long-term company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates