United Community Banks (NYSE: UCB) director shifts 2,526 shares to family trust
Rhea-AI Filing Summary
United Community Banks, Inc. director Thomas A. Richlovsky reported an internal reallocation of 2,526 shares of common stock on July 24, 2026. He made a bona fide gift, transferring these shares from his directly held account to a family trust for which he is trustee. Following the transfer, he held 2,330 shares directly and 38,055 shares indirectly through the trust. The Rule 10b5-1 trading-plan checkbox was not marked.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,052 shares gifted
Gift
2 txns
Insider
RICHLOVSKY THOMAS A
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 |
Holdings After Transaction:
Common Stock — 2,330 shares (Direct);
Common Stock — 38,055 shares (Indirect, Thomas Andrew Richlovsky TTEE of the Thomas A. Richlovsky Trust DTD 9/24/98)
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 transferred as gift: 2,526 shares
Direct holdings after transaction: 2,330 shares
Indirect holdings after transaction: 38,055 shares
+2 more
5 metrics
Shares transferred as gift
2,526 shares
Bona fide gift of common stock on July 24, 2026
Direct holdings after transaction
2,330 shares
Common stock held directly by Thomas A. Richlovsky after gift
Indirect holdings after transaction
38,055 shares
Common stock held indirectly via the Thomas A. Richlovsky Trust
Gift price per share
$0.0000 per share
Reported transaction price for the bona fide gift
Total gifted shares reported
5,052 shares
Aggregate of two gift entries (2,526 shares each) in the Form 4
Key Terms
bona fide gift, family trust, trustee, indirect ownership
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
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.
family trust financial
"transferred 2,526 shares ... to a family trust"
trustee financial
"a family trust of which the Reporting Person is trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
indirect ownership financial
"ownership_type: "indirect" for trust-held shares"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did UCB director Thomas A. Richlovsky report?
Thomas A. Richlovsky reported a bona fide gift of 2,526 shares of United Community Banks common stock on July 24, 2026, transferring shares from direct ownership to a family trust where he serves as trustee.
Was the UCB insider transaction executed under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox was not selected, meaning the reported bona fide gift of 2,526 United Community Banks shares was not executed under a pre-arranged Rule 10b5-1 trading plan.