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Atlantic Union Bankshares (AUB) CEO reports tax-withheld share dispositions

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Atlantic Union Bankshares Corp President and CEO John C. Asbury reported tax-related share withholdings rather than open-market sales. On February 23, 2026, 2,589 common shares were withheld at $38.87 per share to cover tax obligations on a restricted stock vesting. On February 22, 2026, a further 3,630 shares were withheld at $40.65 per share for the same purpose. After these transactions, he directly owned 273,832 and 276,421 common shares following the respective events. He also has indirect ownership of 726.7072 shares through an employee stock ownership plan.

Positive

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Negative

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Asbury John C

(Last) (First) (Middle)
C/O ATLANTIC UNION BANKSHARES CORP
4300 COX ROAD

(Street)
GLEN ALLEN VA 23060

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Atlantic Union Bankshares Corp [ AUB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
PRESIDENT AND CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/22/2026 F 3,630(1) D $40.65(2) 276,421 D
Common Stock 02/23/2026 F 2,589(1) D $38.87 273,832 D
Common Stock 726.7072(3) I By Trustee of ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld on vesting of restricted stock award to cover tax withholding.
2. Based on market closing price on the trading day before the transaction date.
3. Includes shares allocated to the reporting person in connection with an employee stock ownership plan.
/s/ Rachael R. Lape, Attorney-in-Fact 02/25/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Atlantic Union Bankshares (AUB) CEO John Asbury report on this Form 4?

John C. Asbury reported shares of Atlantic Union Bankshares common stock withheld to cover taxes on restricted stock vesting. These were tax-withholding dispositions, not open-market purchases or sales, and adjusted his direct and indirect share ownership balances accordingly.

How many Atlantic Union Bankshares (AUB) shares were withheld for John Asbury’s taxes?

A total of 2,589 shares were withheld on February 23, 2026 and 3,630 shares on February 22, 2026. Both transactions covered tax liabilities associated with restricted stock awards, according to the Form 4 and related footnotes.

At what prices were AUB shares valued for John Asbury’s tax-withholding transactions?

The February 23, 2026 withholding used a price of $38.87 per share, while the February 22, 2026 withholding used $40.65 per share. Footnotes state these prices were based on the market closing price the trading day before each transaction date.

How many Atlantic Union Bankshares shares does John Asbury own after these Form 4 transactions?

Following the reported tax-withholding transactions, John C. Asbury directly owned 276,421 and 273,832 AUB common shares after the respective events. He also had 726.7072 shares indirectly through an employee stock ownership plan, as disclosed in the Form 4.

Were John Asbury’s AUB share transactions open-market sales or tax withholdings?

The transactions were tax-withholding dispositions, not open-market sales. Shares were withheld upon vesting of restricted stock awards to satisfy tax liabilities by delivering securities, as indicated by transaction code F and accompanying footnotes.

What does the indirect ownership entry for John Asbury’s AUB shares represent?

The indirect ownership of 726.7072 AUB shares is held by a trustee of an employee stock ownership plan. Footnotes clarify these shares are allocated to John C. Asbury in connection with that plan, reflecting beneficial interest through the ESOP structure.
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