4//SEC Filing
SCHRIDER DANIEL J 4
Accession 0001104659-25-031771
CIK 0000883948other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 6:02 PM ET
Size
11.9 KB
Accession
0001104659-25-031771
Insider Transaction Report
Form 4
SCHRIDER DANIEL J
Director
Transactions
- Award
Common Stock
2025-04-01+198,308→ 198,308 total - Disposition to Issuer
Common Stock
2025-04-01−12,906→ 185,402 total - Tax Payment
Common Stock
2025-04-01$31.14/sh−9,033$281,288→ 176,369 total - Award
Common Stock
2025-04-01+642→ 177,011 total
Footnotes (6)
- [F1]Acquired as a result of a merger (the "Merger") pursuant to the previously announced Agreement and Plan of Merger, dated as of October 21, 2024, by and between Atlantic Union Bankshares Corporation ("AUB") and Sandy Spring Bancorp, Inc. ("SASR"), as it may be amended from time to time (the "Merger Agreement").
- [F2]Pursuant to the Merger each (i) share of SASR common stock, par value $1.00 per share, including SASR restricted shares, held by the reporting person was converted into 0.900 shares of AUB common stock, par value $1.33 per share, with cash payable in lieu of any fractional shares; (ii) SASR performance-based restricted stock unit held by the reporting person as of immediately prior to the Effective Time was assumed and converted into a time-based restricted stock unit award that settles in a number of shares of AUB common stock (each, an "AUB RSU") equal to the product of: the number of shares of SASR common stock underlying such performance-based restricted stock unit (assuming target performance) and 0.900; and (iii) SASR time-based restricted stock unit held by the reporting person as of immediately prior to the Effective Time was assumed and converted into an AUB RSU equal to the product of: the number of shares of SASR common stock underlying such restricted stock unit and 0.900.
- [F3]In connection with termination of the reporting person's employment in connection with the Merger, (i) AUB RSUs in respect of 28,201 shares of AUB common stock vested and were settled, (ii) 18,999 AUB restricted shares vested, (iii) AUB RSUs in respect of 1,156 shares of AUB common stock remained outstanding and continued to vest, and (iv) 7,812 AUB restricted shares remained outstanding and continued to vest.
- [F4]In connection with termination of the reporting person's employment in connection with the Merger, AUB RSUs in respect of 12,906 shares of AUB common stock were forfeited for no consideration.
- [F5]Shares of AUB common stock withheld upon vesting of each AUB RSU that vested or continued to vest upon the reporting person's termination of employment in connection with the Merger, as described in clauses (i) and (iii) of Footnote 2 above.
- [F6]Direct issue from AUB in respect of the reporting person's quarterly retainer for service on AUB's Board of Directors.
Documents
Issuer
Atlantic Union Bankshares Corp
CIK 0000883948
Entity typeother
Related Parties
1- filerCIK 0001238418
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 6:02 PM ET
- Size
- 11.9 KB