Form 4: United Community Banks Executive Abraham Cox Reports Stock Transactions
SEC Form 4 Filing
EVP Abraham Cox of United Community Banks reports acquisition and disposal of company stock related to vesting of stock units and tax obligations.
Summary
- Abraham Cox, EVP, Chief Consumer & SBBO of United Community Banks, reported transactions involving the company's common stock on February 15, 2025.
- Cox acquired 1,015 shares of common stock upon the vesting of performance stock units.
- 365 shares were disposed of to satisfy tax withholding obligations related to the vesting of performance stock units at a price of $33.47.
- An additional 494 shares were disposed of to satisfy tax withholding obligations related to the vesting of time-based stock units at a price of $33.47.
- Following these transactions, Cox directly owns 13,449 shares of United Community Banks common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock transactions: acquisition of shares from vested performance stock units and disposal of shares for tax obligations. |
| 02/19/2025 | Date of report signature. |
Keywords
Form 4, insider trading, stock units, UCB, Abraham Cox, United Community Banks, stock disposal, stock acquisition
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