Atlantic Union Bankshares Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	21. SUBSEQUENT EVENTS The Company’s management has evaluated subsequent events through February 25, 2022, the date the financial statements were issued. On January 28, 2022, the Company’s Board of Directors declared a quarterly dividend on the outstanding shares of its Series A preferred stock. The Series A preferred stock is represented by depositary shares, each representing a 1/400th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on March 1, 2022 to preferred shareholders of record as of February 14, 2022. The Company’s Board of Directors also declared a quarterly dividend of $0.28 per share of common stock. The common stock dividend is payable on February 25, 2022 to common shareholders of record as of February 11, 2022. As discussed in Note 12 “Stockholders’ Equity,” the Company has an active Repurchase Program. Subsequent to the year ended December 31, 2021, as part of the Repurchase Program, approximately 276,000 shares (or $11.0 million) were repurchased between January 1, 2022 and February 23, 2022. As of February 23, 2022, the Company is authorized under the Repurchase Program to repurchase approximately $89.0 million of additional shares of the Company’s common stock.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2021

21. SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events through February 25, 2022, the date the financial statements were issued.

On January 28, 2022, the Company’s Board of Directors declared a quarterly dividend on the outstanding shares of its Series A preferred stock. The Series A preferred stock is represented by depositary shares, each representing a 1/400th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on March 1, 2022 to preferred shareholders of record as of February 14, 2022.

The Company’s Board of Directors also declared a quarterly dividend of $0.28 per share of common stock. The common stock dividend is payable on February 25, 2022 to common shareholders of record as of February 11, 2022.

As discussed in Note 12 “Stockholders’ Equity,” the Company has an active Repurchase Program. Subsequent to the year ended December 31, 2021, as part of the Repurchase Program, approximately 276,000 shares (or $11.0 million) were repurchased between January 1, 2022 and February 23, 2022. As of February 23, 2022, the Company is authorized under the Repurchase Program to repurchase approximately $89.0 million of additional shares of the Company’s common stock.