Atlantic Union Bankshares (AUB) EVP reports tax-withholding share transactions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlantic Union Bankshares Corp executive David V. Ring reported routine share dispositions related to tax withholding. On February 23, 645 shares of common stock were withheld at $38.87 per share, and on February 22, 611 shares were withheld at $40.65 per share to cover tax obligations on vested restricted stock awards.
After these transactions, Ring directly owned 45,094.422 common shares. He also had an indirect interest in 505.409 shares held by the trustee of an employee stock ownership plan, reflecting shares allocated to him through that plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ring David V
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 645 | $38.87 | $25K |
| Tax Withholding | Common Stock | 611 | $40.65 | $25K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 45,094.422 shares (Direct);
Common Stock — 505.409 shares (Indirect, By Trustee of ESOP)
Footnotes (1)
- Shares withheld on vesting of restricted stock award to cover tax withholding. Based on market closing price on the trading day before the transaction date. Includes shares allocated to the reporting person in connection with an employee stock ownership plan.
FAQ
What did AUB executive David V. Ring report in this Form 4?
David V. Ring reported tax-related share dispositions rather than open-market trades. Shares were withheld from vesting restricted stock awards to cover tax obligations, a common administrative process that does not represent discretionary buying or selling in the market.
Were these AUB Form 4 transactions open-market sales or routine withholdings?
These transactions were routine tax-withholding dispositions, not open-market sales. The company withheld shares from vested restricted stock awards to satisfy tax liabilities, as indicated by transaction code F and the footnote describing payment of tax withholding obligations.