Atlantic Union Bankshares director gets 527-unit award
The deferred-compensation units may be paid in cash or common stock at the elected time; installment distributions under the plan are payable only in cash.
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Rhea-AI Filing Summary
Atlantic Union Bankshares Corp director Frederick Blair Wimbush reported an award acquisition of 527 phantom stock units through the trustee of a non-qualified deferred compensation plan on October 1, 2026. The units were valued at $37.95 each, based on the market closing price on the last trading day before the transaction date; the reported post-transaction balance was 14,269 phantom stock units. Each unit is the economic equivalent of one common share and is payable in cash or common stock at the time elected. If distributions are elected under the plan in installments, amounts are payable only in cash.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2 | 527 | $37.95 | $20K |
Footnotes (2)
- F1. Based on the market closing price on the last trading day before the transaction date.
- F2. Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the time elected by the reporting person in the reporting person's deferred compensation election form; provided, that if the reporting person elected to receive distributions under the Company's non-qualified deferred compensation plan in installments, such amounts are payable only in cash.
Key Figures
Key Terms
Phantom Stock financial
non-qualified deferred compensation plan financial
deferred compensation election form financial
FAQ
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How many AUB phantom stock units did Frederick Blair Wimbush acquire?
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