United Community Banks (UCB) director moves shares to family trust
Rhea-AI Filing Summary
United Community Banks Inc director Jennifer M. Bazante reported a bona fide gift transferring 2,526 shares of common stock on July 24, 2026 from her directly held account to a family revocable trust for which she serves as trustee.
After the transfer, she directly held 4,836 shares, and the revocable trust, reported as her indirect ownership, held 8,546 shares for the benefit of her and her immediate family members.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,052 shares gifted
Gift
2 txns
Insider
Bazante Jennifer M.
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 — 4,836 shares (Direct);
Common Stock — 8,546 shares (Indirect, Jennifer Mumby Bazante RevocableTrust dated August 26, 2021)
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
Gifted shares: 2,526 shares
Direct holdings after transfer: 4,836 shares
Indirect trust holdings after transfer: 8,546 shares
+1 more
4 metrics
Gifted shares
2,526 shares
Bona fide gift of common stock on July 24, 2026
Direct holdings after transfer
4,836 shares
Common stock directly held by Jennifer M. Bazante after the gift
Indirect trust holdings after transfer
8,546 shares
Common stock held by the revocable trust as indirect ownership
Total gift-related shares
5,052 shares
Aggregate shares involved in reported bona fide gift transactions
Key Terms
bona fide gift, indirect ownership, Revocable Trust
3 terms
bona fide gift financial
"transaction_code_description: 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.
indirect ownership financial
"Reported as indirect ownership held through a revocable trust"
Revocable Trust financial
"Jennifer Mumby Bazante RevocableTrust dated August 26, 2021"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did UCB director Jennifer M. Bazante report?
Jennifer M. Bazante reported a bona fide gift transferring 2,526 shares of United Community Banks common stock. The shares moved from her directly held account into a revocable family trust where she is trustee and she and her immediate family are the sole beneficiaries.
What are Jennifer M. Bazante’s UCB holdings after the reported gift?
Following the gift, she directly held 4,836 shares of United Community Banks common stock. The related revocable trust reported 8,546 shares as indirect ownership associated with her and her immediate family members as beneficiaries.
Was Jennifer M. Bazante’s UCB gift made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, so the gift is not reported as made under a pre-arranged Rule 10b5-1 trading plan. It is characterized simply as a bona fide gift transaction.