Form 4: United Community Banks EVP Richard Bradshaw Reports Stock Transactions
SEC Form 4 Filing
Richard Bradshaw, EVP and Chief Banking Officer of United Community Banks, reports acquisition and disposal of common stock related to vesting of stock units.
Summary
- Richard Bradshaw, an EVP and Chief Banking Officer at United Community Banks Inc. (UCB), filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On February 15, 2025, Bradshaw acquired 5,797 shares of common stock related to the vesting of performance stock units at a price of $0.
- On the same day, he disposed of 1,101 shares at $33.47 per share and 1,019 shares at $33.47 per share to satisfy tax withholding obligations upon the vesting of performance and time-based stock units, respectively.
- Following these transactions, Bradshaw directly owns 81,518 shares of United Community Banks Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates Bradshaw's transactions related to vested stock units, which is a common form of executive compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock acquisition and disposal due to vesting of stock units and tax obligations. |
| 02/19/2025 | Date of Form 4 filing. |
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