Form 4: United Community Banks EVP Abraham Cox Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP and Chief Marketing Officer of United Community Banks, Abraham Cox, reports disposing of 37 shares of common stock to cover tax obligations.
Summary
- On May 15, 2024, Abraham Cox, EVP and Chief Marketing Officer of United Community Banks, disposed of 37 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The shares were disposed of at a price of $26.94 per share.
- Following the transaction, Cox directly owns 10,656 shares of United Community Banks stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock disposal transaction |
| 05/16/2024 | Date of signature on the report |
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