DANIELS KENNETH L 4
Research Summary
AI-generated summary
United Community Banks (UCB) Director Kenneth L. Daniels Receives 2,330 RSUs
What Happened
Kenneth L. Daniels, a director of United Community Banks, was granted 2,330 restricted stock units (RSUs) on May 13, 2026. The grant was recorded as an acquisition (award) at $0.00 per share (no cash paid). The filing does not state a dollar value at grant or the number of shares held after the award. Awards are compensation, not open-market purchases or sales, and do not indicate an immediate cash transaction.
Key Details
- Transaction date: 2026-05-13; Form 4 filed 2026-05-14 (appears timely).
- Transaction type/code: A — Grant/award of restricted stock units.
- Shares awarded: 2,330 RSUs; reported price: $0.00 (no cash consideration).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: RSUs vest the day before the issuer’s next annual meeting (per filing footnote).
- No 10b5-1 plan, tax withholding, or immediate sale noted in the filing excerpt.
Context
RSUs are a form of equity compensation that convert to share ownership only after vesting; they do not represent immediate market purchases or sales. Such grants are common for directors and employees as compensation or retention incentives and should not be read as a short-term trading signal.