Restricted stock tax-withholding moves shares for Atlantic Union Bankshares (AUB) EVP
Rhea-AI Filing Summary
Atlantic Union Bankshares Corp executive vice president Maria P. Tedesco reported two tax-related share dispositions tied to restricted stock vesting. On February 22, 1,154 common shares were withheld at $40.65 per share, and on February 23, 1,167 shares were withheld at $38.87 per share to cover tax liabilities. After these non‑market transactions, she directly owned about 89,306 common shares, plus an additional indirect holding of approximately 394 shares through an employee stock ownership plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Tedesco Maria P
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,167 | $38.87 | $45K |
| Tax Withholding | Common Stock | 1,154 | $40.65 | $47K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 89,305.873 shares (Direct);
Common Stock — 394.427 shares (Indirect, By Trustee of ESOP)
Footnotes (1)
- Shares withheld on vesting of restricted stock award to cover tax withholding. Based on market closing price on the trading day before the transaction date. Includes shares allocated to the reporting person in connection with an employee stock ownership plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did AUB executive Maria P. Tedesco report on this Form 4?
Maria P. Tedesco reported tax-related dispositions of Atlantic Union Bankshares common stock. Shares were withheld upon vesting of restricted stock awards to satisfy tax withholding obligations, rather than sold in open-market transactions, reflecting routine equity compensation administration for the executive.
What do the footnotes in Maria P. Tedesco’s Form 4 explain?
The footnotes explain that shares were withheld on restricted stock vesting to cover tax obligations, using the prior trading day’s closing price. They also clarify that indirect holdings include shares allocated to her under an employee stock ownership plan, not separate open-market purchases.
What is transaction code F on this AUB Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this AUB Form 4, it reflects shares withheld from restricted stock awards to satisfy Maria P. Tedesco’s tax withholding obligations, rather than discretionary buying or selling in the market.