Atlantic Union (AUB) Director Joel Shephard Receives 1 Phantom Share

What Happened
Joel R. Shephard, a director of Atlantic Union Bankshares Corp (AUB), was granted 1 share-equivalent phantom stock unit on 2026-04-01. The unit is reported at an acquisition price of $35.74 (rounded to $36) and is a derivative award (not an open-market purchase).

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (appears timely).
• Award type/code: A (grant/award/acquisition) — 1 derivative share @ $35.74 (value ≈ $36).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 indicates price based on prior trading day's close; F2 explains these are phantom stock units—each tracks one common share and becomes payable in cash or common stock per the reporting person's deferred compensation election (installments elected under the plan are payable only in cash).

Context
This was a small, derivative compensation award under the company's deferred-compensation program, not an open-market purchase or sale. Phantom stock provides the economic equivalent of a share but is paid later (cash or stock) per the director's election, so it should not be interpreted as a direct buy or sell signal.