Atlantic Union (AUB) Director Joel Shephard Receives Award

What Happened

Joel R. Shephard, a director of Atlantic Union Bankshares Corp (AUB), was granted 473 shares as an award (derivative/phantom stock) on July 1, 2026. The award is reported at $42.31 per share, for a total reported value of approximately $20,013. This was an award (not an open-market purchase or sale).

Key Details

• Transaction type: Grant/Award (derivative phantom stock)
• Date of transaction: 2026-07-01; Form filed: 2026-07-02 (timely)
• Amount: 473 phantom shares at $42.31 each — total reported value ~$20,013
• Shares owned after transaction: not disclosed in the provided filing summary
• Footnotes:
  • F1: Price based on market closing price on the last trading day before the transaction date.
  • F2: Each phantom share is the economic equivalent of one common share; payout is made in cash or common stock per the reporting person's deferred compensation election. If distributions were elected in installments under the non‑qualified deferred compensation plan, those installments are payable only in cash.

Context

This is a compensation award (phantom stock) tied to deferred compensation, not a purchase or sale of common stock. Such awards are routine director compensation and do not necessarily indicate the director's view of the company’s near-term stock prospects. The derivative nature means value will be realized later according to the director’s deferred compensation election.