TILLETT RONALD L 4

What Happened
Ronald L. Tillett, a director of Atlantic Union Bankshares Corp (AUB), was granted 473 shares of phantom stock (derivative award) on July 1, 2026. The award is reported at an economic value of $42.31 per share, totaling $20,013. This was an award/acquisition (A) — not a sale — typically part of compensation rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-07-01; 473 phantom shares at $42.31 each (total $20,013). (Per footnote, price based on prior trading-day closing price.)
• Security type: Phantom stock (derivative award), economic equivalent to common shares (see footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing/timeliness: Report filed 2026-07-02 for the 2026-07-01 transaction (no late filing indicated).
• Footnotes: F1 — valuation uses the market close on the last trading day before the transaction. F2 — each phantom share equals one common share economically; payout is in cash or common stock per the holder’s deferred compensation election (installment distributions under the plan are payable only in cash).

Context
Phantom stock is a deferred-compensation derivative: it gives the holder the economic benefits of share ownership (value and possible stock settlement) but does not necessarily result in immediate issuance of common shares. Such awards are commonly part of director compensation and should be viewed as a routine grant rather than a direct market buy or sell.