WALLIS TIM 4

What Happened

• Tim Wallis, a director of United Community Banks, received a grant of 2,330 restricted stock units (RSUs) on 2026-05-13. The Form 4 reports the acquisition price as $0.00 (total reported value $0), indicating an award/compensation grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-13; Form 4 filed 2026-05-14 (timely filing).
• Transaction type/code: Award/Grant (A) — 2,330 RSUs @ $0.00.
• Shares owned after transaction: Not specified in the filing; footnote indicates holdings are through Wallis Investment Co., LLC (owned by Mr. Wallis and his spouse).
• Footnotes: F1 — these are 2026 RSUs that vest the day before the issuer's next annual meeting. F2 — some shares are held by Wallis Investment Co., LLC.
• No 10b5-1 plan, sale, or tax-withholding entries noted in this filing.

Context

• RSU grants are typically compensation and vest over time; they do not represent an immediate cash purchase or sale. Because these are awards that vest before the next annual meeting, they are routine director compensation rather than a direct market sentiment signal. Ownership reported via a family-owned LLC means the economic interest is indirect.