Atlantic Union Bankshares Management

Management criteria checks 3/4

Atlantic Union Bankshares' CEO is John Asbury, appointed in Oct 2016, has a tenure of 7.58 years. total yearly compensation is $3.55M, comprised of 25.2% salary and 74.8% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth €6.81M. The average tenure of the management team and the board of directors is 5.3 years and 5.3 years respectively.

Key information

John Asbury

Chief executive officer

US$3.6m

Total compensation

CEO salary percentage	25.2%
CEO tenure	7.6yrs
CEO ownership	0.3%
Management average tenure	5.3yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Asbury's remuneration changed compared to Atlantic Union Bankshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$204m
Dec 31 2023	US$4m	US$894k	US$190m
Sep 30 2023	n/a	n/a	US$204m
Jun 30 2023	n/a	n/a	US$208m
Mar 31 2023	n/a	n/a	US$215m
Dec 31 2022	US$3m	US$860k	US$223m
Sep 30 2022	n/a	n/a	US$200m
Jun 30 2022	n/a	n/a	US$216m
Mar 31 2022	n/a	n/a	US$240m
Dec 31 2021	US$3m	US$832k	US$252m
Sep 30 2021	n/a	n/a	US$264m
Jun 30 2021	n/a	n/a	US$250m
Mar 31 2021	n/a	n/a	US$199m
Dec 31 2020	US$3m	US$827k	US$153m
Sep 30 2020	n/a	n/a	US$152m
Jun 30 2020	n/a	n/a	US$147m
Mar 31 2020	n/a	n/a	US$165m
Dec 31 2019	US$2m	US$780k	US$194m
Sep 30 2019	n/a	n/a	US$182m
Jun 30 2019	n/a	n/a	US$168m
Mar 31 2019	n/a	n/a	US$169m
Dec 31 2018	US$2m	US$674k	US$149m
Sep 30 2018	n/a	n/a	US$120m
Jun 30 2018	n/a	n/a	US$102m
Mar 31 2018	n/a	n/a	US$70m
Dec 31 2017	US$2m	US$650k	US$72m

Compensation vs Market: John's total compensation ($USD3.55M) is above average for companies of similar size in the German market ($USD1.99M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Asbury (57 yo)

7.6yrs

Tenure

US$3,554,480

Compensation

Mr. John C. Asbury has been the Chief Executive Officer of Atlantic Union Bank since October 1, 2016 and served as and President from October 2016 to September 2017. He was President of Atlantic Union Bank...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Asbury	President	7.6yrs	US$3.55m	0.26% $ 6.8m
Robert Gorman	Executive VP & CFO	11.8yrs	US$1.50m	0.086% $ 2.3m
David Ring	Executive Vice President	6.7yrs	US$1.33m	0.040% $ 1.1m
Maria Tedesco	Executive Vice President	5.7yrs	US$2.08m	0.076% $ 2.0m
Matthew Linderman	Executive Vice President	1.3yrs	US$1.35m	0.012% $ 317.5k
William Cimino	Senior VP & Director of Investor Relations	no data	no data	no data
Rachael Lape	Executive VP	no data	no data	0.021% $ 550.6k
Beth Shivak	Senior VP & Head of Corporate Communications	no data	no data	no data
Clare Miller	Executive VP & Chief Human Resources Officer	2yrs	no data	0.010% $ 270.2k
Douglas Woolley	Executive VP & Chief Credit Officer	1.3yrs	no data	0.037% $ 983.0k
Shawn O'Brien	Executive Vice President	5.3yrs	US$782.05k	0.020% $ 541.8k
Sherry Williams	Executive VP & Chief Risk Officer	1.6yrs	no data	0.013% $ 344.9k

5.3yrs

Average Tenure

58yo

Average Age

Experienced Management: UIO's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Asbury	President	7.6yrs	US$3.55m	0.26% $ 6.8m
Linda Schreiner	Independent Vice Chair	12.3yrs	US$142.33k	0.022% $ 574.1k
Ronald Tillett	Independent Chairman of the Board	21.1yrs	US$187.00k	0.036% $ 970.0k
Patrick McCann	Independent Director	1.9yrs	US$146.00k	0.032% $ 860.6k
Patrick Corbin	Independent Director	6.3yrs	US$148.01k	0.034% $ 916.1k
Donald Kimble	Independent Director	less than a year	no data	0.0090% $ 239.0k
Joel Shepherd	Director	less than a year	no data	0.12% $ 3.2m
F. Wimbush	Independent Director	5.9yrs	US$137.00k	0.0065% $ 172.1k
Rilla Delorier	Independent Director	1.9yrs	US$118.33k	0.0044% $ 116.6k
Keith Wampler	Independent Director	10.3yrs	US$138.00k	0.018% $ 467.9k
Paul Engola	Independent Director	less than a year	no data	0.0012% $ 30.9k
Frank Ellett	Independent Director	4.8yrs	US$132.01k	0.047% $ 1.3m

5.3yrs

Average Tenure

63yo

Average Age

Experienced Board: UIO's board of directors are considered experienced (5.3 years average tenure).

Atlantic Union Bankshares Management

Management criteria checks 3/4

Key information

Recent management updates

Atlantic Union Bankshares Corporation Announces Committee Appointments

Atlantic Union Bankshares Corporation and Atlantic Union Bank Announces Thomas G. Snead Do Not Stand for Re-Election, and He Will Retire as A Director

Atlantic Union Bankshares Corporation, Annual General Meeting, May 07, 2024

Atlantic Union Bankshares Corporation Announces Board Appointments

Atlantic Union Bankshares Corporation Announces Resignation of Heather M. Cox from Board of Directors

Atlantic Union Bankshares Corporation and Atlantic Union Bank Announce Retirement of Daniel I. Hansen from Boards of Directors, Effective December 31, 2022

Recent updates

First quarter dividend of US$0.32 announced

Atlantic Union Bankshares Corporation Announces Committee Appointments

Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend, Payable on June 7, 2024

New minor risk - Shareholder dilution

First quarter 2024 earnings released: EPS: US$0.62 (vs US$0.44 in 1Q 2023)

Atlantic Union Bankshares Corporation Announces Net Charge-Offs for the First Quarter Ended March 31, 2024

Atlantic Union Bankshares Corporation (NYSE:AUB) completed the acquisition of American National Bankshares Inc. (NasdaqGS:AMNB).

Atlantic Union Bankshares Corporation to Report Q1, 2024 Results on Apr 23, 2024

Full year 2023 earnings released: EPS: US$2.53 (vs US$2.97 in FY 2022)

Atlantic Union Bankshares Corporation and Atlantic Union Bank Announces Thomas G. Snead Do Not Stand for Re-Election, and He Will Retire as A Director

Atlantic Union Bankshares Corporation, Annual General Meeting, May 07, 2024

Upcoming dividend of US$0.32 per share at 3.7% yield

Fourth quarter dividend of US$0.32 announced

Fourth quarter dividend of US$0.32 announced

Atlantic Union Bankshares Corporation Declares Quarterly Dividend, Payable on February 23, 2024

Full year 2023 earnings released: EPS: US$2.53 (vs US$2.97 in FY 2022)

Atlantic Union Bankshares Corporation Announces Board Appointments

Upcoming dividend of US$0.32 per share at 4.2% yield

Atlantic Union Bankshares Corporation Declares Quarterly Dividend on Common Stock, Payable on November 24, 2023

Atlantic Union Bankshares Corporation Announces Net Charge-Offs for the Third Quarter of 2023

Third quarter 2023 earnings released: EPS: US$0.68 (vs US$0.74 in 3Q 2022)

Atlantic Union Bankshares Corporation to Report Q3, 2023 Results on Oct 19, 2023

Upcoming dividend of US$0.30 per share at 3.8% yield

Atlantic Union Bankshares Corporation Declares Quarterly Cash Dividend, Payable on August 25, 2023

Second quarter 2023 earnings released: EPS: US$0.70 (vs US$0.79 in 2Q 2022)

Atlantic Union Bankshares Corporation (NYSE:AUB) entered into a definitive merger agreement to acquire American National Bankshares Inc. (NasdaqGS:AMNB) for approximately $440 million.

Atlantic Union Bankshares Corporation Announces Resignation of Heather M. Cox from Board of Directors

Atlantic Union Bankshares Corporation to Report Q2, 2023 Results on Jul 25, 2023

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.30 per share at 4.9% yield

Investor sentiment deteriorates as stock falls 16%

First quarter 2023 earnings released: EPS: US$0.44 (vs US$0.54 in 1Q 2022)

Full year 2022 earnings released: EPS: US$2.97 (vs US$3.26 in FY 2021)

Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend, Payable on February 24, 2023

Atlantic Union Bankshares Corporation Reports Net Charge Offs for the Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$2.97 (vs US$3.26 in FY 2021)

Atlantic Union Bankshares Corporation(NasdaqGS:AUB) dropped from NASDAQ Composite Index

Atlantic Union Bankshares Corporation to Report Q4, 2022 Results on Jan 24, 2023

Atlantic Union Bankshares Corporation and Atlantic Union Bank Announce Retirement of Daniel I. Hansen from Boards of Directors, Effective December 31, 2022

Director recently bought €675k worth of stock

President recently bought €253k worth of stock

Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend for the Fourth Quarter of 2022, Payable on November 25, 2022

Third quarter 2022 earnings released: EPS: US$0.74 (vs US$0.94 in 3Q 2021)

Atlantic Union Bankshares Corporation Announces Net Charge-Offs for the Third Quarter Ended September 30, 2022

Atlantic Union Bankshares Corporation to Report Q3, 2022 Results on Oct 20, 2022

Atlantic Union Bankshares Corporation Names Sherry Williams as Its New Chief Risk Officer

Atlantic Union Bankshares Corporation Appoints Heather Cox to Board of Directors

Upcoming dividend of US$0.30 per share

Atlantic Union Bankshares Corporation Declares Quarterly Dividend on Common Stock for the Third Quarter of 2022, Payable on August 26, 2022

Independent Chairman of the Board recently sold €84k worth of stock

Second quarter 2022 earnings released: EPS: US$0.79 (vs US$1.05 in 2Q 2021)

Atlantic Union Bankshares Corporation to Report Q2, 2022 Results on Jul 21, 2022

Atlantic Union Bankshares Corporation Appoints Rilla Delorier to Board of Directors

Atlantic Union Bankshares Corporation Announces Resignation of M. Dean Brown as Executive Vice President, Head of Enterprise Operations & Chief Information Officer, Effective June 30, 2022

Upcoming dividend of US$0.28 per share

Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend, Payable on June 3, 2022

First quarter 2022 earnings released: EPS: US$0.54 (vs US$0.68 in 1Q 2021)

First quarter 2022 earnings released

Atlantic Union Bankshares Corporation to Report Q1, 2022 Results on Apr 21, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Alan W. Myers Retires from the Boards of Directors of Atlantic Union Bankshares Corporation and Atlantic Union Bank

Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend, Payable on February 25, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Atlantic Union Bankshares Corporation (NasdaqGS:AUB) announces an Equity Buyback for $100 million worth of its shares.

Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.74 in 3Q 2020)

Independent Director W. Murphy has left the company

Upcoming dividend of US$0.28 per share

Second quarter 2021 earnings released: EPS US$1.05 (vs US$0.39 in 2Q 2020)

CEO Compensation Analysis