Linderman Matthew L. 4
Research Summary
AI-generated summary
Atlantic Union (AUB) EVP Matthew Linderman Receives Restricted Stock Award
What Happened
- Matthew L. Linderman, Executive Vice President of Atlantic Union Bankshares (AUB), received a grant of 4,681 time‑based restricted shares on 2026-03-02 (reported as an A—award). Separately, 432 shares were withheld on 2026-02-27 to cover tax withholding related to a vesting event (reported as F), at $37.06 per share for proceeds of $16,010.
- These transactions are compensation-related (restricted stock grant and tax withholding), not open‑market purchases or discretionary sales.
Key Details
- Transaction dates and prices:
- 2026-02-27: 432 shares withheld for taxes @ $37.06 — proceeds reported $16,010 (transaction code F).
- 2026-03-02: 4,681 shares granted as time‑based restricted stock @ $0 reported (transaction code A).
- Footnotes:
- F1: Shares withheld on vesting of restricted stock award to cover tax withholding.
- F2: Award of time‑based restricted stock subject to a vesting schedule.
- Shares owned after the transactions: not specified in the supplied filing details.
- Filing timeliness: Form 4 filed 2026-03-03; transactions on 2026-02-27 and 2026-03-02 were reported within the Form 4 filing window (timely).
Context
- This appears to be routine, compensation-related activity: a time‑based restricted stock grant and share withholding to satisfy tax obligations on vesting. Such withholdings are common and do not necessarily indicate insider buying or selling for investment reasons.