Form 4: United Community Banks EVP, General Counsel Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Melinda Davis Lux, EVP and General Counsel of United Community Banks, Inc., reports the disposal of 206 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 15, 2024, Melinda Davis Lux, EVP and General Counsel of United Community Banks, Inc. (UCB), reported a transaction involving the disposal of 206 shares of common stock.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $28.46.
- Following the transaction, Ms. Davis Lux directly owns 25,926 shares of UCB common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions 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 the stock disposal transaction. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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