Atlantic Union (NYSE: AUB) EVP awarded shares with stock withheld for tax
Rhea-AI Filing Summary
Atlantic Union Bankshares EVP & General Counsel Rachael R. Lape reported routine equity compensation transactions. She received a grant of 4,231 shares of common stock as a time-based restricted stock award, which will vest over a specified schedule.
On the same Form 4, 368 shares were disposed of at $37.06 per share to cover tax withholding upon vesting of a restricted stock award, as noted in the footnote. After these direct transactions, she held 23,867 direct shares, plus 3,361.0536 shares held indirectly by a trustee of an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lape Rachael R
Role
EVP & GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,231 | $0.00 | -- |
| Tax Withholding | Common Stock | 368 | $37.06 | $14K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,867 shares (Direct);
Common Stock — 3,361.054 shares (Indirect, By Trustee of ESOP)
Footnotes (1)
- Shares withheld on vesting of restricted stock award to cover tax withholding. Award of time-based restricted stock subject to a vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did AUB executive Rachael Lape report in this Form 4 filing?
Rachael R. Lape reported a routine equity compensation grant and related tax withholding. She received 4,231 shares of time-based restricted stock and had 368 shares withheld at $37.06 each to satisfy tax obligations upon vesting of a prior award.
Is the AUB Form 4 for Rachael Lape a buy or a sell transaction?
The filing reflects a mix of acquisition and disposition events. She acquired 4,231 shares through a restricted stock grant and had 368 shares withheld for taxes, a tax-withholding disposition rather than a discretionary open-market sale of stock.