Atlantic Union Bankshares director acquires 527 awards
A director's phantom-stock award is economically equivalent to common shares and may be settled in cash or common stock under the reported election terms.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Atlantic Union Bankshares Corp (AUB) director Ronald L. Tillett acquired 527 phantom-stock shares on October 1, 2026, at a reported price of $37.95 per share. The award was held indirectly by the trustee of his non-qualified deferred compensation plan, bringing his reported phantom-stock holdings to 11,949 shares. Each phantom share is the economic equivalent of one common share and is payable in cash or common stock at the time elected; installment distributions under the plan are payable only in cash.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2 | 527 | $37.95 | $20K |
Footnotes (2)
- 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.
Key Figures
Key Terms
Phantom Stock financial
non-qualified deferred compensation plan financial
deferred compensation election form financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.