United Community Banks (UCB) director gets 2,330-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WALLIS TIM reported acquisition or exercise transactions in this Form 4 filing.
UNITED COMMUNITY BANKS INC director Tim Wallis reported updated holdings and a new equity award. He received 2,330 shares of Common Stock as a grant classified as a restricted stock unit award at a price of $0.00 per share. These units vest the day before the company’s next annual meeting, tying compensation to future service. After this grant, Wallis holds 30,385 Common Stock shares directly and 91,418 shares indirectly through Wallis Investment Co., LLC, which he and his spouse own.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
WALLIS TIM
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,330 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 30,385 shares (Direct, null);
Common Stock — 91,418 shares (Indirect, Wallis Investment Co., LLC)
Footnotes (1)
- Reflects grant of 2026 restricted stock units, which vest the day before the Issuer's next annual meeting. Shares owned by Wallis Investment Co., LLC, a company owned by Mr. Wallis and his spouse.
Key Figures
RSU grant size: 2,330 shares
Grant price: $0.00 per share
Direct holdings after grant: 30,385 shares
+3 more
6 metrics
RSU grant size
2,330 shares
Restricted stock unit-type award of Common Stock
Grant price
$0.00 per share
Transaction price for awarded Common Stock
Direct holdings after grant
30,385 shares
Common Stock directly owned by Tim Wallis post-transaction
Indirect holdings
91,418 shares
Common Stock held via Wallis Investment Co., LLC
Acquire transactions
1 entry
Grant, award, or other acquisition recorded in summary
Holding entries
1 entry
Non-transactional holding line for indirect ownership
Key Terms
restricted stock units, grant, award, or other acquisition, indirect ownership, Form 4
4 terms
restricted stock units financial
"Reflects grant of 2026 restricted stock units, which vest the day before the Issuer's next annual meeting."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "Wallis Investment Co., LLC""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Tim Wallis report for UNITED COMMUNITY BANKS INC (UCB)?
Tim Wallis reported receiving 2,330 shares of UNITED COMMUNITY BANKS INC Common Stock as a grant classified as a restricted stock unit award at $0.00 per share. The filing also updates his direct and indirect shareholdings after this equity compensation grant.
When do Tim Wallis’s 2026 restricted stock units in UNITED COMMUNITY BANKS INC vest?
The 2026 restricted stock units granted to Tim Wallis vest the day before UNITED COMMUNITY BANKS INC’s next annual meeting. This vesting schedule links the equity compensation to his continued board service through that meeting date, as described in the Form 4 footnote.
Was Tim Wallis’s reported UNITED COMMUNITY BANKS INC transaction an open-market buy or sell?
The filing classifies Tim Wallis’s transaction as a grant, award, or other acquisition, not an open-market buy or sell. The 2,330-share award carried a $0.00 per share transaction price, indicating equity compensation rather than a market trade in UNITED COMMUNITY BANKS INC stock.