AUB EVP uses shares for tax withholding
Atlantic Union Bankshares Corp EVP Matthew L. Linderman reported small share dispositions tied to tax withholding, not open‑market sales.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 376 | $38.87 | $15K |
| Exercise Price or Tax Liability | Common Stock | 449 | $40.65 | $18K |
| Holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Shares withheld on vesting of restricted stock award to cover tax withholding.
- F2. Based on market closing price on the trading day before the transaction date.
- F3. Includes shares allocated to the reporting person in connection with an employee stock ownership plan.
FAQ
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What did AUB EVP Matthew L. Linderman report in this Form 4 filing?
Were these AUB transactions open-market sales by the EVP?
AI-generated analysis. How Rhea-AI works. Not financial advice.