Atlantic Union Bankshares (AUB) director receives phantom stock award

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.

Insider Trade Summary

1 transaction reported

Mixed 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 shares (Indirect, By Trustee of Non-Qualified Plan (deferred comp))

Footnotes (1)

1. Based on market closing price on the trading day before the transaction date. 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"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TILLETT RONALD L

(Last) (First) (Middle)

C/O ATLANTIC UNION BANKSHARES CORP

4300 COX ROAD

(Street)

GLEN ALLEN VIRGINIA 23060

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Atlantic Union Bankshares Corp [ AUB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	04/01/2026		A		560		(2)	(2)	Common Stock	560	$35.74	10,949.487	I	By Trustee of Non-Qualified Plan (deferred comp)

Explanation of Responses:

1. Based on market closing price on the trading day before the transaction date.

2. 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.

	/s/ Rachael R. Lape, Attorney-in-Fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Atlantic Union Bankshares (AUB) disclose in this Form 4?

Atlantic Union Bankshares reported that director Ronald L. Tillett received a grant of 560 phantom stock units. These units are part of a non-qualified deferred compensation plan and are economically equivalent to common shares, settled later in cash or stock under his prior election.

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.