AUB Insider: Director Receives 567 Phantom Shares at $35.29
Ronald L. Tillett, a director of Atlantic Union Bankshares Corp (AUB), received 567 units of phantom stock under the companys non‑qualified deferred compensation plan on 10/01/2025.
Rhea-AI Filing Summary
Ronald L. Tillett, a director of Atlantic Union Bankshares Corp (AUB), received 567 units of phantom stock under the companys non‑qualified deferred compensation plan on 10/01/2025. Each phantom share is economically equivalent to one common share and becomes payable in cash or common stock per the reporting person's election. The filing states the phantom units are valued at $35.29 each based on the prior trading day's closing price, and the reporting person now beneficially owns 9,716.221 shares indirectly through a trustee, which includes 91.627 additional shares from dividend reinvestment since the last Form 4.
Positive
- Director Ronald L. Tillett acquired 567 phantom shares under the deferred compensation plan on 10/01/2025 at $35.29 per unit
- The phantom units are economically equivalent to common stock and can be paid in cash or common stock per the executives election
- Reported indirect beneficial ownership totals 9,716.221 shares, reflecting 91.627 dividend reinvestment shares since the last Form 4
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 567 | $35.29 | $20K |
Footnotes (3)
- F1. Based on the market closing price on the last trading day before the transaction date.
- F2. 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.
- F3. Includes 91.627 additional shares acquired through dividend reinvestment since the reporting person's last Form 4.
FAQ
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What did AUB director Ronald L. Tillett report on Form 4?
What are the payout options for the phantom stock units?
What price was used to value the phantom stock units?
When was the Form 4 signed and filed?
AI-generated analysis. How Rhea-AI works. Not financial advice.