Atlantic Union director granted phantom stock units
TILLETT RONALD L reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
TILLETT RONALD L reported acquisition or exercise transactions in this Form 4 filing.
Atlantic Union Bankshares Corp director Ronald L. Tillett received a grant of 560 shares of phantom stock on April 1, 2026, as part of a non-qualified deferred compensation plan. Each phantom share is economically equivalent to one share of common stock and is payable in cash or common stock at the time he previously elected. After this award, he indirectly holds 10,949.487 phantom stock units through a trustee for the deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 560 shares
Grant/Award
1 txn
Insider
TILLETT RONALD L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 560 | $35.74 | $20K |
Holdings After Transaction:
Phantom Stock — 10,949.487 contracts (Indirect, By Trustee of Non-Qualified Plan (deferred comp))
Footnotes (2)
- F1. Based on market closing price on the 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.
Key Figures
Phantom stock granted: 560 units
Reference price per unit: $35.74
Phantom units after grant: 10,949.487 units
+1 more
4 metrics
Phantom stock granted
560 units
Grant on April 1, 2026
Reference price per unit
$35.74
Based on market closing price before transaction date
Phantom units after grant
10,949.487 units
Total phantom stock following transaction
Underlying common stock equivalent
560 shares
Each phantom share equals one common share economically
Key Terms
Phantom Stock, non-qualified deferred compensation plan, economic equivalent, deferred compensation election form, +1 more
5 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
non-qualified deferred compensation plan financial
"distributions under the Company's non-qualified deferred compensation plan in installments"
An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
deferred compensation election form financial
"at the time elected by the reporting person in the reporting person's deferred compensation election form"
installments financial
"if the reporting person elected to receive distributions under the Company's non-qualified deferred compensation plan in installments"
Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many phantom stock units did AUB director Ronald L. Tillett receive?
Ronald L. Tillett received 560 phantom stock units. Each unit is the economic equivalent of one share of Atlantic Union Bankshares common stock, granted under a deferred compensation arrangement tied to the company’s non-qualified deferred compensation plan for directors and executives.
What is the value reference for the AUB phantom stock grant reported?
The phantom stock grant used a reference price of $35.74 per unit, based on the market closing price on the trading day before the transaction. This price is used for reporting purposes and reflects the economic value of each phantom stock unit granted.
How many phantom stock units does Ronald L. Tillett hold after this AUB transaction?
Following the reported grant, Ronald L. Tillett holds a total of 10,949.487 phantom stock units. These are held indirectly through a trustee of the company’s non-qualified deferred compensation plan, reflecting cumulative awards under his deferred compensation elections.
How and when will the AUB phantom stock units be paid to the director?
The phantom stock units will be paid in cash or common stock at the time Ronald L. Tillett elected in his deferred compensation election form. If he chose installment distributions under the non-qualified plan, those installments are payable only in cash under the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
