Atlantic Union Bankshares (AUB) director adds phantom stock in deferred plan

Rhea-AI Filing Summary

Atlantic Union Bankshares Corp director reports phantom stock award

A director of Atlantic Union Bankshares Corp (AUB) filed a Form 4 reporting an acquisition of 567 shares of phantom stock on 01/02/2026, recorded at a reference price of $35.3 per share. Following this transaction, the director beneficially owns 3,005.958 phantom stock units held indirectly through a trustee of a non-qualified deferred compensation plan.

Each phantom stock unit is the economic equivalent of one share of AUB common stock and becomes payable in cash or common stock at the time and form elected by the director, subject to plan rules that require installment distributions to be paid only in cash. The reported holdings also reflect 26.386 additional shares accumulated through dividend reinvestment since the director’s last report.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SHEPHARD JOEL R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	567	$35.30	$20K

Holdings After Transaction: Phantom Stock — 3,005.958 shares (Indirect, By Trustee of Non-Qualified Plan (deferred comp))

Footnotes (1)

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 26.386 additional shares acquired through dividend reinvestment since the reporting person's last Form 4.

Form 4 Insider Transactions: What Each Field Means →

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^*

SHEPHARD JOEL R

(Last) (First) (Middle)

C/O ATLANTIC UNION BANKSHARES CORPORATIO

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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

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
Phantom Stock	(1)	01/02/2026		A		567		(2)	(2)	Common Stock	567	$35.3	3,005.958(3)	I	By Trustee of Non-Qualified Plan (deferred comp)

Explanation of Responses:

1. Based on the market closing price on the last trading day before the transaction date.

2. 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.

3. Includes 26.386 additional shares acquired through dividend reinvestment since the reporting person's last Form 4.

	/s/ Rachael R. Lape, Attorney-in-Fact	01/06/2026
	** 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 insider transaction did Atlantic Union Bankshares Corp (AUB) report on this Form 4?

The filing reports that a director of Atlantic Union Bankshares Corp (AUB) acquired 567 shares of phantom stock on 01/02/2026, recorded at a reference price of $35.3 per share.

How many phantom stock units does the AUB director beneficially own after the reported transaction?

After the reported transaction, the director beneficially owns 3,005.958 phantom stock units, held indirectly by a trustee under a non-qualified deferred compensation plan.

What is phantom stock in the Atlantic Union Bankshares Corp (AUB) deferred compensation plan?

Each share of phantom stock in the AUB non-qualified deferred compensation plan is described as the economic equivalent of one share of common stock. These units become payable in cash or common stock at the time elected by the reporting person, subject to plan rules for how distributions are made.

How and when are the AUB director’s phantom stock units paid out?

The phantom stock units become payable, in cash or common stock, at the time elected by the director in a deferred compensation election form. If the director elected to receive distributions under the plan in installments, those amounts are payable only in cash.

How were dividend reinvestments reflected in this AUB Form 4 filing?

The filing states that the reported holdings include 26.386 additional shares acquired through dividend reinvestment since the director’s last report under the non-qualified deferred compensation plan.

What is the ownership form of the AUB director’s phantom stock units?

The filing reports the ownership form as indirect (I), held by a trustee of a non-qualified plan as part of the director’s deferred compensation arrangement.