United Community Banks director gifts 2,526 shares
Kenneth L. Daniels, a director of United Community Banks Inc., reported a bona fide gift on July 24, 2026, transferring 2,526 directly held common shares to a family revocable trust for which he serves as trustee.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Kenneth L. Daniels, a director of United Community Banks Inc., reported a bona fide gift on July 24, 2026, transferring 2,526 directly held common shares to a family revocable trust for which he serves as trustee. After the transfer he holds 2,330 shares directly, 23,094 shares indirectly through the trust, and 2,000 shares indirectly in an individual retirement account.
Insider Trade Summary
5,052 shares gifted
Gift
2 txns
Insider
DANIELS KENNETH L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 2,526 | $0.00 | $0.00 |
| Gift | Common Stock F1 | 2,526 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,330 shares (Direct);
Common Stock — 23,094 shares (Indirect, By Self, as Trustee of Kenneth L. Daniels Revocable Trust DTD 12/09/2016);
Common Stock — 2,000 shares (Indirect, Individual Retirement Account)
Footnotes (1)
- F1. On July 24, 2026, the Reporting Person transferred 2,526 shares of Issuer's common stock directly held by the Reporting Person to a family trust of which the Reporting Person is trustee. The Reporting Person and immediate family members are the sole beneficiaries of the trust.
Key Figures
Shares gifted: 2526.0000 shares
Direct holdings after transfer: 2330.0000 shares
Trust holdings after transfer: 23094.0000 shares
+3 more
6 metrics
Shares gifted
2526.0000 shares
Bona fide gift transfer of common stock on 2026-07-24 from direct holdings to family trust
Direct holdings after transfer
2330.0000 shares
Directly held United Community Banks common stock following the July 24, 2026 gift
Trust holdings after transfer
23094.0000 shares
Common stock held indirectly by Kenneth L. Daniels Revocable Trust DTD 12/09/2016 after receiving the gift
IRA holdings
2000.0000 shares
Common stock held indirectly in an Individual Retirement Account after the reported transactions
Reported transaction date
2026-07-24
Date of the bona fide gift transfer of 2,526 common shares
Reported gift price
0.0000 per share
Per-share transaction price for the gifted common stock, indicating no consideration
Key Terms
Bona fide gift, Revocable Trust, Indirect ownership, Individual Retirement Account
4 terms
Bona fide gift financial
"The transaction code G is described as a Bona fide gift of common stock."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Revocable Trust financial
"Shares are held by the Kenneth L. Daniels Revocable Trust DTD 12/09/2016."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Indirect ownership financial
"Ownership type is reported as indirect for the trust and IRA holdings."
Individual Retirement Account financial
"Nature of ownership for one position is listed as Individual Retirement Account."
A tax-advantaged retirement account owned by an individual that holds investments such as stocks, bonds, mutual funds or cash and is governed by rules about how much can be contributed and when money can be withdrawn. It matters to investors because the account’s specific tax rules and withdrawal limits affect how savings grow and when taxes are paid; think of it as a labeled box for retirement money that comes with special tax treatment and rules about when you can open it.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Kenneth L. Daniels report for UCB in this Form 4?
He disclosed a bona fide gift of 2,526 United Community Banks common shares on July 24, 2026, moving them from his direct ownership into a family revocable trust where he serves as trustee and remains a beneficiary with his immediate family.
Was the UCB Form 4 transaction by Daniels made under a Rule 10b5-1 plan?
No. The Rule 10b5-1 checkbox on the Form 4 is not marked, and there is no footnote indicating a trading plan, so the reported gift transactions are not identified as being executed pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
