UNITED COMMUNITY BANKS INC·4

Feb 18, 4:01 PM ET

HARTON H LYNN 4

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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.