CLEMENTS JAMES P 4
Research Summary
AI-generated summary
United Community Banks (UCB) Director James P. Clements Receives Award
What Happened
James P. Clements, a director of United Community Banks, received an award of 2,330 restricted stock units (RSUs) on 2026-05-13. The Form 4 reports the acquisition price as $0 (transaction code A), reflecting a grant rather than a cash purchase or sale.
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-14 (timely filing).
- Security/amount: 2,330 restricted stock units (RSUs) acquired, reported at $0.
- Shares owned after transaction: not specified in the provided filing.
- Footnote: RSUs vest the day before the issuer’s next annual meeting (per filing footnote).
- Transaction type: Award/Grant (code A); not a purchase or sale that immediately signals buying or selling.
Context
RSU grants to directors are common compensation to align long-term interests with shareholders. The $0 on the Form 4 reflects that the units were granted (no cash paid); the actual economic value depends on vesting and the company's future share price. This transaction is informational and does not indicate immediate market activity (no shares sold or purchased).