Form 4: United Community Banks EVP, CFO Jefferson L. Harralson Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Jefferson L. Harralson, EVP and CFO of United Community Banks, Inc., reports the disposal of 583 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 15, 2024, Jefferson L. Harralson, the EVP and CFO of United Community Banks, Inc. (UCB), disposed of 583 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $28.46 per share.
- Following the transaction, Harralson directly owns 54,266 shares of UCB common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This particular filing reflects a common practice of selling shares to cover tax obligations associated with the vesting of equity compensation.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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