Matthew L. Linderman, an executive vice president at Atlantic Union Bankshares Corp, recently reported a transaction involving the sale of 7,746 shares of the bank's common stock. This sale, priced at $40 per share, is part of the ongoing adjustments in executive holdings within the financial sector.

The filing, dated October 26, 2026, indicates that Linderman's transaction took place on October 22, 2026. Following this sale, he retains ownership of 10,455 shares of Atlantic Union Bankshares.

Background

Atlantic Union Bankshares Corp, identified by its Central Index Key (CIK) 0000883948, operates in the state commercial banks sector. The company is incorporated in Virginia and has undergone several name changes, with the most recent being in April 2014. It is listed under the ticker symbol AUB.

What the Filing Says

“Transaction Code: D” indicates the shares were disposed of.

Impact

This transaction may affect shareholders and potential investors who closely monitor executive trading activities as indicators of company health and management confidence. Linderman's role as an executive officer means that his trading decisions are of particular interest to the market.

What's Next

The filing does not say what happens next.

Details of the Transaction

Matthew L. Linderman's transaction was classified under the transaction code 'S', indicating that it was a sale of shares. The filing specifies that the shares were sold at a price of $40 each, totaling $309,840 for the 7,746 shares disposed of. Following this sale, Linderman continues to hold 10,455 shares directly.

Ownership Structure

In addition to his direct holdings, Linderman has an indirect ownership stake through a trustee of an Employee Stock Ownership Plan (ESOP), which holds approximately 44.7468 shares of Atlantic Union Bankshares Corp. This structure highlights the dual nature of his equity interests in the company.

Filing Signatory

The Form 4 was signed by Rachael R. Lape, who acted as Attorney-in-Fact for Linderman, indicating that she has the authority to file on his behalf. This is a common practice for executives who may not be able to file personally due to various commitments.

Additional Context

The filing does not provide insights into Linderman's future trading intentions or any broader strategic implications of this transaction for Atlantic Union Bankshares Corp. Furthermore, it does not mention any specific reasons for the sale or how it fits into Linderman's overall financial strategy.