Atlantic Union Bankshares (AUB) CFO awarded 16,447 time-based restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dodd Alexander D reported acquisition or exercise transactions in this Form 4 filing.
Atlantic Union Bankshares Corp reported that its EVP & CFO, Dodd Alexander D, received a grant of 16,447 shares of Common Stock as a time-based restricted stock award. The shares were granted at $0.00 per share and are subject to a vesting schedule. Following this award, he directly holds 16,447 shares of Atlantic Union Bankshares common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dodd Alexander D
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,447 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,447 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 16,447 shares
Grant price: $0.00 per share
Shares owned after transaction: 16,447 shares
3 metrics
Restricted stock grant
16,447 shares
Time-based restricted Common Stock award to EVP & CFO
Grant price
$0.00 per share
Reported transaction price for the restricted stock award
Shares owned after transaction
16,447 shares
Total non-derivative shares directly held post-award
Key Terms
time-based restricted stock, vesting schedule, Grant, award, or other acquisition
3 terms
time-based restricted stock financial
"Award of time-based restricted stock subject to a vesting schedule."
Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.
vesting schedule financial
"Award of time-based restricted stock subject to a vesting schedule."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What is the cost basis of the restricted stock granted to the AUB CFO?
The restricted stock granted to the AUB CFO has a reported transaction price of $0.00 per share. This indicates it is a compensation award rather than a share purchase made in the open market by the insider.
What does time-based restricted stock mean in the AUB CFO’s Form 4 filing?
Time-based restricted stock in the AUB CFO’s filing refers to shares that vest over a set schedule. The insider receives the award now, but full ownership rights are gained gradually as specific time-based vesting conditions are met.