Form 4: United Community Banks EVP, General Counsel, Melinda Davis Lux, Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Melinda Davis Lux, EVP and General Counsel of United Community Banks, reports the acquisition of 6,495 shares of common stock through a grant of restricted stock units and the disposal of an unspecified amount of shares.
Summary
- On February 10, 2025, Melinda Davis Lux, EVP and General Counsel of United Community Banks, acquired 6,495 shares of common stock.
- These shares were obtained through a grant of time-based restricted stock units.
- The restricted stock units vest 25% annually on February 15, 2026, February 15, 2027, February 15, 2028, and February 15, 2029.
- Ms. Lux also disposed of an unspecified amount of common stock.
- Following these transactions, Ms. Lux directly owns 32,562 shares of United Community Banks stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of transaction: acquisition and disposal of common stock. |
| 02/11/2025 | Date of signature for the Form 4 filing. |
| 02/15/2026 | First vesting date (25%) of restricted stock units. |
| 02/15/2027 | Second vesting date (25%) of restricted stock units. |
| 02/15/2028 | Third vesting date (25%) of restricted stock units. |
| 02/15/2029 | Final vesting date (25%) of restricted stock units. |
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