HARTON H LYNN 4
4 · UNITED COMMUNITY BANKS INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
United Community Banks (UCB) CEO Lynn Harton Receives Award, Shares Withheld
What Happened Lynn Harton, President, CEO and a director of United Community Banks (UCB), had performance and time‑based stock units vest on February 15, 2026, resulting in an award of 24,542 shares (reported as a $0.00 acquisition). To satisfy tax withholding obligations, 11,622 shares and 9,755 shares were withheld (disposed) at a reported per‑share value of $34.56, totaling about $401,656 and $337,133 respectively (combined ~$738,789). These transactions reflect vesting and tax withholding rather than open‑market purchases or discretionary sales.
Key Details
- Transaction date(s): February 15, 2026; Form 4 filed February 18, 2026 (check the filing for official timeliness status).
- Award: 24,542 shares issued (code A) at $0.00 per share — reflects vesting of previously granted units.
- Tax withholding (codes F): 11,622 shares withheld ($34.56) = $401,656; 9,755 shares withheld ($34.56) = $337,133. Total withheld ≈ $738,789.
- Shares owned after transaction: Not specified in the details you provided (see the Form 4 for post‑transaction holdings).
- Footnotes: F1 = performance criteria satisfied for performance stock units that vested; F2 = shares withheld to satisfy taxes on vested performance units; F3 = shares withheld to satisfy taxes on vested time‑based units.
- These are vesting/withholding actions, not open‑market sales by the insider.
Context This filing documents a common executive compensation event: performance/time‑based awards vest and the company withholds shares to cover tax liabilities (a cashless withholding). Such withholding does not necessarily signal the insider’s view of the stock — it’s a routine administrative step to meet tax obligations.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-15+24,542→ 274,082 total - Tax Payment
Common Stock
[F2]2026-02-15$34.56/sh−11,622$401,656→ 262,460 total - Tax Payment
Common Stock
[F3]2026-02-15$34.56/sh−9,755$337,133→ 252,705 total
- 109,123(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Reflects the satisfaction of performance criteria for previously awarded performance stock units which vested on February 15, 2026.
- [F2]Reflects shares of Issuer's common stock withheld to satisfy tax withholding obligations upon vesting of performance stock units.
- [F3]Reflects shares of Issuer's common stock withheld to satisfy tax withholding obligations upon vesting of time-based stock units.