Atlantic Union (AUB) Director Adds 567 Phantom Units; Indirect Holdings 32,153.891
Rhea-AI Filing Summary
Corbin Patrick E., a director of Atlantic Union Bankshares Corp (AUB), reported acquiring 567 units of phantom stock on 10/01/2025 at a reference price of $35.29 per share. The phantom units are economically equivalent to common shares and will be paid in cash or common stock according to the reporting person’s deferred compensation election. Following the transaction the reporting person is shown as indirectly owning 32,153.891 shares, which includes 316.334 shares from dividend reinvestment. The Form 4 was signed by an attorney-in-fact on 10/03/2025.
Positive
- Director purchase of 567 phantom shares shows continued executive alignment with shareholder outcomes
- Indirect beneficial ownership of 32,153.891 shares demonstrates sizable stake held in deferred compensation plan
Negative
- None.
Insights
Insider acquisition signals continued director alignment with shareholder value.
The filing shows Director Corbin Patrick E. acquired 567 phantom shares on 10/01/2025, increasing indirect holdings to 32,153.891 shares. Phantom stock tied to the non-qualified deferred compensation plan aligns the director’s economic exposure to the company’s common stock without immediate share issuance.
This is a routine governance disclosure and does not indicate any change in control or extraordinary dilution.
Transaction reflects deferred compensation settlement mechanics, not an open-market purchase.
The 567 units are described as phantom stock payable in cash or common stock per the participant’s election, and the reported $35.29 price is based on the prior trading-day close. The filing notes 316.334 additional shares came from dividend reinvestment since the last Form 4, indicating plan-account growth.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 567 | $35.29 | $20K |
Footnotes (1)
- Based on the market closing price on the last trading day before the transaction date. 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. Includes 316.334 additional shares acquired through dividend reinvestment since the reporting person's last Form 4.
