Sherry Williams - May 12, 2023 Form 4 Insider Report for Atlantic Union Bankshares Corp (AUB)

Role: EVP & CRO
Signature: /s/ Rachael R. Lape, Attorney-in-Fact
Stock symbol: AUB
Transactions as of: May 12, 2023
Transactions value $: $333
Form type: 4
Date filed: 5/16/2023, 11:32 AM
Previous filing: May 1, 2023
Next filing: Nov 2, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AUB	Phantom Stock	Award	$333	+14.1	+18.69%	$23.60	89.7	May 12, 2023	Common Stock	14.1		By Trustee of Non-Qualified Plan (deferred comp)	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.

Content

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.