Ring David V 4
Research Summary
AI-generated summary
Atlantic Union (AUB) EVP David Ring Receives 5,370-Share Award
What Happened
David V. Ring, Executive Vice President of Atlantic Union Bankshares Corp (AUB), received 5,370 shares on February 19, 2026 as the vesting of performance share units (PSUs). The award was recorded at $0.00 per share (non‑cash award). To satisfy tax withholding obligations, 2,531 of those shares were withheld (disposed) at $0.00, leaving a net increase of 2,839 shares delivered to the reporting person.
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (filed within two business days).
- Award (code A): 5,370 shares acquired at $0.00 (vesting of PSUs).
- Tax withholding (code F): 2,531 shares withheld/disposed at $0.00 to cover tax obligations.
- Net shares delivered to Ring: 2,839 (5,370 acquired minus 2,531 withheld).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes from the filing:
- F1: Vesting of PSUs granted February 23, 2023.
- F2: Includes additional shares acquired through dividend reinvestment since the reporting person's last Form 4.
- F3: Shares were withheld upon vesting to satisfy tax withholding obligations.
Context
This was a non‑market transaction (vesting of previously awarded PSUs), not an open‑market purchase or sale. The $0.00 per‑share amounts reflect that these were earned/vested shares rather than purchases. Withholding of shares for taxes is a common, administrative step when awards vest and does not by itself indicate an intent to sell additional shares.