Berry Holly N 4
Research Summary
AI-generated summary
United Community Banks (UCB) EVP Holly N. Berry Receives Award; Shares Withheld
What Happened
Holly N. Berry, Executive Vice President and Chief Human Resources Officer of United Community Banks (UCB), had performance/time-based stock units vest on February 15, 2026. A total of 1,505 shares were recorded as acquired (award/grant). To satisfy tax-withholding obligations, 458 shares and 588 shares were withheld (disposed) at $34.56 per share, generating roughly $36,150 in withholding. Net retained from this vesting event is 459 shares (1,505 vested minus 1,046 withheld).
Key Details
- Transaction date: February 15, 2026; Form 4 filed February 18, 2026.
- Award (code A): 1,505 shares acquired; Withholding (code F): 458 shares and 588 shares disposed at $34.56 each.
- Total value of shares withheld for taxes: ~ $36,149.76 (~$36.15K).
- Shares owned after transaction: not disclosed in the excerpt of the filing; net from this vesting = 459 shares retained.
- Footnotes from the filing: F1 = vesting due to satisfaction of performance criteria; F2 = shares withheld for tax on performance stock units; F3 = shares withheld for tax on time-based stock units.
- No late filing indication provided in the information supplied.
Context
This was a vesting event for performance and time-based restricted/stock units, not an open-market sale or purchase. The withholding of shares to cover taxes is a routine administrative step (a cashless/tax-withholding action) and should not be interpreted as an active market sale indicating sentiment. Transaction codes: A = award/grant (acquisition on vesting); F = share disposition to satisfy tax withholding.