Atlantic Union EVP has 298 shares withheld for taxes
Atlantic Union Bankshares Corp EVP Matthew L. Linderman reported a routine tax-related share disposition.
Rhea-AI Filing Summary
Atlantic Union Bankshares Corp EVP Matthew L. Linderman reported a routine tax-related share disposition. On the vesting of a restricted stock award, 298 shares of common stock were withheld at $34.30 per share to cover tax obligations, rather than sold on the open market.
After this withholding, Linderman directly holds 18,201 shares of Atlantic Union common stock and indirectly holds 44.7468 shares through an ESOP trustee. The filing shows no option exercises or open‑market buying or selling, indicating a standard compensation and tax-settlement event.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on equity vesting; no open-market trading.
The event reflects restricted stock vesting, where 298 shares were withheld at $34.30 to cover income taxes. This matches the F transaction code and the footnote stating shares were withheld on vesting to satisfy tax obligations.
Because the company simply retained a portion of vested shares for taxes, this is not a discretionary sale and carries little informational value about the insider’s view of the stock. Linderman continues to hold 18,201 direct shares plus a small 44.7468-share ESOP position, so the transaction is minor relative to his overall holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 298 | $34.30 | $10K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Shares withheld on vesting of restricted stock award to cover tax withholding.
FAQ
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What does the F transaction code mean in Atlantic Union’s Form 4 for AUB?
Is this Atlantic Union (AUB) Form 4 a strong signal about insider sentiment?
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