Atlantic Union (NYSE: AUB) EVP uses stock to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlantic Union Bankshares Corp executive vice president and general counsel Rachael R. Lape reported routine share withholdings tied to equity compensation. On February 23, 2026, 277 shares of common stock were disposed of at $38.87 per share to cover tax withholding on a restricted stock vesting. On February 22, 2026, 378 shares were similarly disposed of at $40.65 per share for tax withholding. After these transactions, she directly held 20,004 common shares, and indirectly held 3,361.0536 shares through an employee stock ownership plan allocation.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lape Rachael R
Role
EVP & GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 277 | $38.87 | $11K |
| Tax Withholding | Common Stock | 378 | $40.65 | $15K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,004 shares (Direct);
Common Stock — 3,361.054 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 insider transactions did AUB executive Rachael Lape report on this Form 4?
Rachael R. Lape reported two routine tax-related dispositions of Atlantic Union Bankshares common stock. A total of 655 shares were withheld in connection with restricted stock vesting to satisfy tax obligations, rather than being sold in open market transactions.
Were the AUB insider transactions by Rachael Lape open market stock sales?
No, the Form 4 describes the transactions as tax-withholding dispositions. Shares were withheld on vesting of restricted stock awards to cover tax liabilities, coded as “F,” not as discretionary open market sales of Atlantic Union Bankshares stock.
What does transaction code F mean on the AUB Form 4 for Rachael Lape?
Transaction code F on the Form 4 indicates payment of exercise price or tax liability by delivering securities. In this case, it reflects common shares withheld on restricted stock vesting to satisfy tax withholding obligations, not voluntary buying or selling activity.