TILLETT RONALD L 4

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.