Form 4: United Community Banks EVP, Chief Risk Officer Reports Stock Transaction
SEC Form 4 Filing
Robert A. Edwards, EVP and Chief Risk Officer of United Community Banks, reports the disposition of 507 shares of common stock to cover tax obligations.
Summary
- On August 15, 2024, Robert A. Edwards, the EVP and Chief Risk Officer of United Community Banks, Inc. (UCB), disposed of 507 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The price per share was $28.46.
- Following the transaction, Edwards directly owns 54,175 shares of UCB common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock transaction (disposal of shares) |
| 08/19/2024 | Date of signature on the Form 4 filing |
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