Ronald L. Tillet, a director at Atlantic Union Bankshares Corp, reported a transaction involving phantom stock, acquiring 527 shares on October 1, 2026. This acquisition, valued at approximately $37.95 per share, is part of the company's deferred compensation plan. Such transactions are significant as they reflect the ongoing strategies for executive compensation within the banking sector.
Atlantic Union Bankshares Corp operates in the state commercial banking industry, providing various financial services. The company, with a Central Index Key of 0000883948, is based in Glen Allen, Virginia. The recent filing, dated October 5, 2026, is part of a series of disclosures made by Tillet, indicating a pattern of regular reporting on his ownership changes.
The filing indicates that Tillet's ownership following this transaction stands at approximately 11,949.487 shares. The phantom stock acquired is equivalent to common stock, and it will become payable at the time elected by Tillet in accordance with the deferred compensation election form. This highlights the importance of transparency and compliance in executive transactions.
The impact of this transaction may extend to shareholders and other stakeholders, as it reflects the company's approach to executive compensation and governance. The filing does not specify what happens next regarding further transactions or changes in ownership.