Lape Rachael R 4
Research Summary
AI-generated summary
Atlantic Union Bankshares (AUB) EVP Rachael Lape Receives Award
What Happened Rachael Lape, EVP & General Counsel of Atlantic Union Bankshares (AUB), had performance share units (PSUs) vest on February 19, 2026. The filing reports an award/acquisition of 2,193 shares at $0.00 (code A) and the withholding/disposition of 1,192 shares at $0.00 to satisfy tax obligations (code F), resulting in a net increase of 1,001 shares to her holdings. The reported transactions reflect vesting of previously granted PSUs rather than an open-market buy or sell.
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (appears timely under the standard two-business-day Form 4 rule).
- Awarded/Acquired: 2,193 shares @ $0.00 (PSU vesting).
- Withheld/Disposed for taxes: 1,192 shares @ $0.00.
- Net shares received: 1,001 shares.
- Footnotes: F1 — Vesting of PSUs granted Feb 23, 2023. F2 — Shares were withheld upon vesting to satisfy tax withholding.
- Shares owned after the transaction: not disclosed in the provided summary (see the full Form 4 for total beneficial ownership).
Context This was a compensation-related vesting event (PSUs), not a market purchase or sale; the withholding of shares to cover taxes is routine and common with equity awards. Such grants are part of executive compensation and typically do not by themselves indicate a change in the insider's view of the stock.