Ronald L. Tillett - Jan 2, 2024 Form 4 Insider Report for Atlantic Union Bankshares Corp (AUB)

Role
Director
Signature
/s/ Rachael R. Lape, Attorney-in-Fact
Stock symbol
AUB
Transactions as of
Jan 2, 2024
Transactions value $
$16,260
Form type
4
Date filed
1/4/2024, 02:15 PM
Previous filing
Oct 4, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUB Common Stock Options Exercise +1.64K +5.49% 31.4K Jan 2, 2024 Direct F1, F2

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 Options Exercise -1.64K -18.76% 7.09K Jan 2, 2024 Common Stock 1.64K By Trustee of Non-Qualified Plan (deferred comp) F1, F2
transaction AUB Phantom Stock Award $16.3K +445 +6.28% $36.54 7.54K Jan 2, 2024 Common Stock 445 By Trustee of Non-Qualified Plan (deferred comp) F1, F3
* 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.
F2 On January 2, 2024, 1,637 shares of the reporting person's phantom stock settled for an equal number of shares of the Company's common stock.
F3 Based on the market closing price on the last trading day before the transaction date.