January 2, 2025 · Form 4 insider transaction
SHEPHARD JOEL R bought 528 shares of Union Bankshares Corporation at $37.88 per share, a transaction worth $20.0K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the time elected by the reporting person in the reporting person's deferred compensation election form; provided, that if the reporting person elected to receive distributions under the Company's non-qualified deferred compensation plan in installments, such amounts are payable only in cash.; Based on the market closing price on the last trading day before the transaction date.