Form 4: United Community Banks SVP Alan Kumler Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Alan Kumler, SVP and Chief Accounting Officer of United Community Banks, disposed of 507 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 15, 2024, Alan H. Kumler, SVP and Chief Accounting Officer of United Community Banks, Inc. (UCB), disposed of 507 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $28.46 per share.
- Following the transaction, Kumler directly owns 28,599 shares of UCB common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. This filing indicates a routine transaction to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction |
| 08/19/2024 | Date of signature on the report |
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