Atlantic Union (AUB) director adds 567 phantom units, holdings now 12,010.532
Rhea-AI Filing Summary
Frederick Blair Wimbush, a director of Atlantic Union Bankshares Corp (AUB), reported an acquisition under the companys non-qualified deferred compensation plan on 10/01/2025. The report shows 567 units of Phantom Stock were acquired at an economic price equivalent of $35.29 per share. Each phantom share mirrors one share of common stock and becomes payable in cash or common stock per the reporting persons election. After this transaction, the reporting person beneficially owned 12,010.532 shares indirectly, held by a trustee of the deferred plan; that total includes 114.604 additional shares from dividend reinvestment since the last Form 4. The Form 4 bears a signature by Rachael R. Lape, Attorney-in-Fact dated 10/03/2025.
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Insights
Director acquired 567 phantom shares; indirect holdings now 12,010.532 shares.
The filing documents a 10/01/2025 grant/purchase of 567 phantom stock units at an economic price of $35.29 per unit under the company's non-qualified deferred compensation plan. Phantom shares are the economic equivalent of common stock and will be paid in cash or stock according to the director's election.
The reported holdings of 12,010.532 shares are held indirectly by a trustee, which reflects deferred compensation arrangements rather than direct open-market purchases. The filing also discloses 114.604 shares added via dividend reinvestment since the last Form 4.
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 114.604 additional shares acquired through dividend reinvestment since the reporting person's last Form 4.