Woolley Douglas F. III 4

What Happened
Douglas F. Woolley III, Executive Vice President & Chief Credit Officer of Atlantic Union Bankshares (AUB), had 1,967 Performance Share Units (PSUs) vest on February 19, 2026 (reported on Form 4). The award is reported as an acquisition at $0.00 per share (typical for vesting/awards). To satisfy tax withholding obligations, 1,079 shares were withheld (reported as a disposition), leaving a net delivery to Woolley of 888 shares.

Key Details

• Transaction date: 2026-02-19 (filed 2026-02-23); both grant/vesting (code A) and tax-withholding (code F) recorded.
• Reported price/value on Form 4: $0.00 per share for the award (standard reporting for vested awards).
• Shares acquired (vested): 1,967; shares withheld for taxes (disposed): 1,079; net shares delivered: 888.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = PSUs granted Feb 23, 2023 vested; F2 = count includes dividend reinvestment since last Form 4; F3 = shares withheld upon vesting to satisfy tax withholding.
• Filing timeliness: Filed on Feb 23 for the Feb 19 transaction (timely within the two-business-day Form 4 window).

Context
This was a vesting of performance-based equity (PSUs), not an open-market buy or sale. Withholding shares to cover taxes is routine and should not be read as a directional trade. Awards increase an insider’s equity stake when net shares are delivered, but do not necessarily signal active buying interest.