Form 4: United Community Banks EVP, Chief Information Officer Reports Stock Transaction
SEC Form 4 Filing
Mark Aaron Terry, EVP and Chief Information Officer of United Community Banks, reports a transaction involving the withholding of common stock to cover tax obligations.
Summary
- On August 15, 2024, Mark Aaron Terry, the EVP and Chief Information Officer of United Community Banks Inc. (UCB), had 138 shares of common stock withheld to satisfy tax obligations.
- The transaction occurred at a price of $28.46 per share.
- Following the transaction, Terry directly owns 18,485 shares of UCB common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax withholding, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the transactions of company executives and directors, helping investors understand management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the stock transaction (tax withholding) |
| 08/19/2024 | Date of signature for the Form 4 filing |
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