Lape Rachael R 4

What Happened

• Rachael R. Lape, EVP & General Counsel of Atlantic Union Bankshares (AUB), received a grant of 4,231 time‑based restricted shares (reported 2026-03-02). Separately, 368 shares were withheld on 2026-02-27 to cover tax withholding related to a vesting event; those shares were disposed at $37.06 each for a total of $13,638. The award is a grant (A) rather than an open‑market purchase — it does not represent an out‑of‑pocket buy.

Key Details

• Grant (A): 4,231 restricted shares reported 2026-03-02; acquisition value reported as $0 (award).
• Tax withholding (F): 368 shares withheld on 2026-02-27 at $37.06/share = $13,638 cash value.
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1 — shares withheld to cover tax withholding; F2 — award is time‑based restricted stock subject to a vesting schedule.
• Filing timing: transaction reported for 2026-02-27 and 2026-03-02, and Form 4 filed 2026-03-03 (appears later than the typical two-business‑day Form 4 deadline).

Context

• Restricted stock grants are common compensation and are not the same signal as an executive purchasing shares with personal cash. The withheld 368 shares were a routine tax‑withholding disposition tied to vesting, not an intentional market sale.