Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AUB | Common Stock | Award | +10.9K | 10.9K | Apr 1, 2025 | Direct | F1, F2 | |||
transaction | AUB | Common Stock | Award | $0 | +642 | +5.9% | $0.00 | 11.5K | Apr 1, 2025 | Direct | F3 |
Id | Content |
---|---|
F1 | Acquired as a result of a merger (the "Merger") pursuant to the previously announced Agreement and Plan of Merger, dated as of October 21, 2024, by and between Atlantic Union Bankshares Corporation ("AUB") and Sandy Spring Bancorp, Inc. ("SASR"), as it may be amended from time to time (the "Merger Agreement"). |
F2 | Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of SASR common stock, par value $1.00 per share, held by the reporting person was converted into 0.900 shares of AUB common stock, par value $1.33 per share, with cash payable in lieu of any fractional shares. In addition, pursuant to the Merger Agreement, at the Effective Time, each SASR restricted stock unit held by the reporting person as of immediately prior to the Effective Time became fully vested, was cancelled and was converted into a right to receive 0.900 shares of AUB common stock for each share of SASR common stock underlying such restricted stock unit, with cash payable in lieu of any fractional shares, plus, if applicable, an amount in cash equal to any dividend equivalents with respect thereto. |
F3 | Direct issue from AUB in respect of the reporting person's quarterly retainer for service on AUB's Board of Directors. |