Atlantic Union Bankshares (AUB) director gets phantom stock grant
Rhea-AI Filing Summary
SHEPHARD JOEL R reported acquisition or exercise transactions in this Form 4 filing.
Atlantic Union Bankshares Corp director Joel R. Shephard received a grant of 473 phantom stock units tied to the company’s common stock. This award is held indirectly through a trustee under a non-qualified deferred compensation plan.
Each phantom stock unit is economically equivalent to one share of common stock and becomes payable in cash or stock at the time Shephard elected in his deferred compensation election form. If he chose installment distributions under the plan, those amounts are payable only in cash. Following this grant, his deferred phantom stock balance under the plan is 4,038.958 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SHEPHARD JOEL R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 473 | $42.31 | $20K |
Holdings After Transaction:
Phantom Stock — 4,038.958 shares (Indirect, By Trustee of Non-Qualified Plan (deferred comp))
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
Phantom stock units granted: 473 units
Reference price per phantom unit: $42.31
Phantom units after transaction: 4,038.958 units
+1 more
4 metrics
Phantom stock units granted
473 units
Grant under non-qualified deferred compensation plan on 2026-07-01
Reference price per phantom unit
$42.31
Based on market closing price before transaction date
Phantom units after transaction
4,038.958 units
Total phantom stock balance following grant
Underlying common stock equivalence
1:1 ratio
Each phantom stock unit equals one common share economically
Key Terms
Phantom Stock, non-qualified deferred compensation plan, economic equivalent, deferred compensation election form
4 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
"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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How many phantom stock units does Joel R. Shephard hold after this AUB transaction?
After this grant, Joel R. Shephard holds 4,038.958 phantom stock units. These are maintained in a non-qualified deferred compensation plan and track the value of Atlantic Union Bankshares common stock for future cash or stock settlement.
What is the value basis for the 473 phantom stock units granted to the AUB director?
The 473 phantom stock units were valued using a reference price of $42.31 per unit. A footnote states this figure is based on the market closing price on the last trading day before the transaction date for Atlantic Union Bankshares stock.
Is this AUB Form 4 transaction a market purchase or sale of common stock?
No, this Form 4 shows a compensation-related grant of 473 phantom stock units, not an open-market trade. The units are credited under a non-qualified deferred compensation plan and settle later in cash or stock, rather than involving an immediate stock market transaction.