Drummond Lance F. 4
Research Summary
AI-generated summary
United Community Banks (UCB) Director Lance F. Drummond Receives Award
What Happened
- Lance F. Drummond, a director of United Community Banks, received a grant of 2,330 restricted stock units (RSUs) on 2026-05-13. The filing reports an acquisition price of $0.00 and a reported value of $0 for the transaction (typical for RSU grants that vest later).
Key Details
- Transaction date: 2026-05-13; Transaction type/code: Award/Grant (A); Price reported: $0.00; Shares/units: 2,330.
- Amount owned following the transaction: not disclosed in this Form 4 filing.
- Footnote: F1 — these are 2026 restricted stock units that vest the day before the issuer’s next annual meeting.
- Filing date: 2026-05-14 (Form 4 filed the day after the reported transaction).
Context
- RSUs are awards that generally convert into actual shares only upon vesting; they are neither an immediate cash purchase nor a sale. Such grants are common for director compensation and do not, by themselves, indicate a buy/sell signal.