TILLETT RONALD L 4
4 · Atlantic Union Bankshares Corp · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Atlantic Union (AUB) Director Ronald Tillett Receives 560-Share Award
What Happened
Ronald L. Tillett, a director of Atlantic Union Bankshares Corp (AUB), was granted 560 shares (derivative/phantom stock) on 2026-04-01. The award is reported at $35.74 per share for a total value of $20,014. This was an award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-01; filing date: 2026-04-02 (Form 4 filed the next business day).
- Price used: $35.74 per share (footnote F1: based on prior trading day's close).
- Total reported value: $20,014.
- Nature of award: derivative/phantom stock (reported as “Derivative”); each phantom share is an economic equivalent of one common share and is payable in cash or common stock per the reporting person’s deferred compensation election (footnote F2).
- Shares owned after transaction: not disclosed in the Form 4.
- No indication of a sale, exercise for immediate stock, or tax-withholding shares in this filing.
Context
This was a deferred compensation award (phantom stock), which typically represents a future cash or stock payout per the participant’s election and does not reflect an immediate open-market purchase or sale. Such grants are common for directors’ compensation; they are informational but do not necessarily signal the insider’s view on the company’s near-term stock performance.
Insider Transaction Report
- Award
Phantom Stock
[F1][F2]2026-04-01$35.74/sh+560$20,014→ 10,949.487 total(indirect: By Trust)→ Common Stock (560 underlying)
Footnotes (2)
- [F1]Based on market closing price on the trading day before the transaction date.
- [F2]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.