Atlantic Union Bankshares (AUB) EVP withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlantic Union Bankshares Corp EVP Matthew L. Linderman reported small share dispositions tied to tax withholding, not open‑market sales. On February 22 and February 23, a total of 376 and 449 shares of common stock, respectively, were withheld to cover taxes upon vesting of restricted stock awards, at reference prices of $40.65 and $38.87 per share based on market closing prices. After these transactions, he directly holds about 14,250 common shares and also has an additional 44.7468 shares held indirectly through an employee stock ownership plan trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Linderman Matthew L.
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 376 | $38.87 | $15K |
| Tax Withholding | Common Stock | 449 | $40.65 | $18K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,250 shares (Direct);
Common Stock — 44.747 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 EVP Matthew L. Linderman report in this Form 4 filing?
Matthew L. Linderman reported share dispositions used to cover tax withholding on vested restricted stock awards. These were classified as code F transactions, meaning shares were delivered to satisfy tax obligations rather than sold in the open market.
Were these AUB transactions open-market sales by the EVP?
No, the transactions are labeled with code F for tax-withholding dispositions, not open‑market sales. Shares were withheld upon vesting of restricted stock awards to satisfy tax liabilities, as specifically described in the filing’s explanatory footnotes.