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    John C. Asbury

    Chief Executive Officer at Atlantic Union Bankshares
    Board
    Since January 2017
    Age
    59 years
    Education
    Holds a B.S. degree in Business from Virginia Tech and an MBA from The College of William & Mary.
    Tenure
    Joined AUB as President in October 2016 and became CEO in January 2017, serving in multiple key leadership roles.

    Also at Atlantic Union Bankshares

    BSH
    Bradley S. Haun
    Chief Risk Officer
    CM
    Clare Miller
    Executive Vice President (EVP) and Chief Human Resources Officer
    DVR
    David V. Ring
    Executive Vice President (EVP) and Wholesale Banking Group Executive

    About

    John C. Asbury is the Chief Executive Officer of Atlantic Union Bankshares, demonstrating extensive leadership and strategic direction in the banking industry.

    Born in 1965 and residing in Richmond, Virginia, he has built his career on a solid educational foundation, earning a B.S. in Business and an MBA, which have supported his rise through various executive roles.

    His tenure at AUB began in October 2016 when he joined as President, and he assumed the role of CEO in January 2017, reflecting his strong commitment to driving organizational growth and operational excellence.

    $AUB Performance Under John C. Asbury

    Past Roles

    OrganizationRoleDate RangeDetails
    Atlantic Union Bank President of the Bank May 2018 – September 2018 Held prior to his CEO appointment
    Atlantic Union Bank President of the Bank October 2016 – September 2017 Held prior to his CEO appointment
    Atlantic Union Bankshares Corporation (AUB) President of the Company October 2016 – January 2017 Held prior to his CEO appointment
    First National Bank of Santa Fe President and Chief Executive Officer February 2015 – August 2016 Pre-AUB role
    Regions Bank Senior Executive Vice President and Head of the Business Services Group May 2010 – July 2014 Pre-AUB role
    Regions Bank Business Banking Division Executive March 2008 – May 2010 (approx.) Pre-AUB role
    Bank of America Senior Vice President N/A Held various roles prior to joining AUB

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$990,000Annual (approved Feb 15, 2024)10% increase from 2023
    Time-Based Restricted Stock$791,989Award granted in 2024 (vesting subject to LTIP conditions)24,146 shares under LTIP; subject to clawback provisions
    All Other Compensation$142,193Paid during 2024Includes retirement contributions ($15,420), dividends on RS awards ($50,148), other plan payments ($21,107), BOLI Income ($125), and other benefits ($55,393, including $27,322 executive wellness)

    Performance Compensation

    Data from  FY 2024

    TSR Performance Share Units (PSUs)

    MetricDetails
    Performance MeasureRelative TSR vs. KBW Regional Banking Index
    Weight50%
    Threshold25th percentile; 50% payout of target
    Target50th percentile; 100% payout of target
    Maximum100th percentile; 200% payout of target
    Performance PeriodJan 1, 2024 – Dec 31, 2026
    Vesting ConditionMust remain employed through payment date (within 60 days post performance period)
    Grant DateFebruary 22, 2024
    Grant Date Fair Value$570,466
    Grant Date Stock Price$30.24
    Target Units18,110
    Maximum Units72,440

    ROATCE Performance Share Units (ROATCE PSUs)

    MetricDetails
    Performance MeasureCore ROATCE vs. KBW Regional Banking Index
    Weight50%
    Threshold25th percentile; 50% payout of target
    Target50th percentile
    Maximum100th percentile; 200% payout
    Performance Period2024 – 2026 (three-year period)
    Vesting ConditionMust remain employed through payment date (within 60 days post performance period)
    Grant DateFebruary 2024
    Grant Date Fair Value$524,827
    Maximum Value$1,049,654

    Non-Equity Incentive Plan Compensation

    MetricDetails
    Target Award100% of base salary ($990,000)
    Weight80% on corporate measures; 20% on individual/divisional measures
    Threshold$495,000 (50% of target)
    Target$990,000 (100% of target)
    Maximum$1,980,000 (200% of target)
    Payment TypeCash under the Management Incentive Plan
    ConditionsContingent on achieving corporate and individual/divisional performance measures
    Vesting/PaymentPaid if employed at payment date; no payout if terminated (except for certain conditions)
    Grant DateN/A (cash-based award)
    Grant Date Fair ValueN/A (cash-based award)
    Grant Date Stock PriceN/A (cash-based award)