Linderman Matthew L. 4
Research Summary
AI-generated summary
Atlantic Union (AUB) EVP Matthew Linderman Receives Award
What Happened
- Matthew L. Linderman, Executive Vice President of Atlantic Union Bankshares (AUB), received 3,061 shares on Feb 19, 2026 when performance share units (PSUs) vested. The Form 4 reports the grant/acquisition at $0.00 (award). Simultaneously, 1,547 shares were withheld to satisfy tax withholding obligations (reported as a disposition at $0.00), leaving a net delivery of 1,514 shares to Linderman.
- This was an award/vesting event (not an open-market purchase or sale); withholding of shares for taxes is a routine administrative step.
Key Details
- Transaction dates: 2026-02-19 (award of 3,061 shares; withholding/disposition of 1,547 shares).
- Reported price/value: $0.00 per share in the filing (standard for awards); no cash value reported on the Form 4.
- Net shares received: 3,061 granted − 1,547 withheld = 1,514 shares delivered to the insider.
- Footnotes: F1 — Vesting of PSUs granted Feb 23, 2023. F2 — Shares withheld upon vesting to satisfy tax withholding.
- Filing: Report filed 2026-02-23 for a 2026-02-19 transaction; filing appears timely (filed within the SEC’s two-business-day window).
- Shares owned after transaction: Not specified in the provided filing details.
Context
- PSUs are a form of long-term compensation that converts to shares when performance/time conditions are met; withholding shares to cover taxes is common and does not represent a market sale. Awards like this are routine compensation actions and should not be interpreted as a directional buy/sell signal on their own.