Linda Schreiner
About Linda V. Schreiner
Linda V. Schreiner, age 65, is Vice Chair of the Board and an independent director of Atlantic Union Bankshares, serving since 2012. She is a former Senior Vice President at Markel Corporation (2016–2022) and MeadWestvaco (2000–2016), with prior roles in strategy consulting and banking; she holds a B.A. from the University of Georgia and an M.Ed. from the University of Vermont . The Board affirmed her independence under NYSE standards in early 2025 .
Past Roles
| Organization | Role | Tenure | Notes/Impact |
|---|---|---|---|
| Markel Corporation | Senior Vice President | 2016–2022 | Human resources, corporate strategy, communications leadership at a public financial holding company |
| MeadWestvaco | Senior Vice President | 2000–2016 | Executive leadership at a global packaging company |
| Arthur D. Little, Inc. | Senior Manager, Strategy Consulting | 1998–2000 | Strategy consulting experience |
| Signet Banking Corporation | Vice President | 1988–1998 | Banking operations and leadership |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Darden School of Business (UVA) Corporate Advisory Board | Member | 2014–2017 | Corporate advisory engagement |
| Virginia War Memorial Foundation | Board Chair; Director | Chair 2020–2022; Director since 2009 | Board leadership and governance |
| ChildSavers | Board President; Director; Endowment Board | President 2014–2016; Director since 2008; Endowment Board since 2016 | Non-profit governance and endowment oversight |
| The Richmond Forum | Director | Since 2019 | Community leadership |
| Venture Richmond | Executive Committee | 2006–2014 | Regional civic and economic engagement |
| VCU Rice Center | Vice Chairman; Director | Vice Chairman until 2012; Director 2008–2012 | Environmental and academic board leadership |
Board Governance
- Roles and independence: Vice Chair of the Board; independent director under NYSE and AUB categorical standards .
- Attendance and engagement: The Board held nine regular and two special meetings in 2024; every director attended at least 75% of Board and committee meetings, and all directors attended the 2024 annual meeting . Independent directors hold executive sessions at least quarterly .
- Committee memberships:
- Compensation Committee (Chair) — independent membership; 6 meetings in 2024; oversees executive and director compensation, incentive/equity plans, compensation risk, and succession planning .
- Executive Committee (Member) — 2 meetings in 2024; acts on delegated authority between Board meetings .
- Nominating & Corporate Governance Committee (Member) — 6 meetings in 2024; director nominations, committee structure, governance policies, Board succession, ESG oversight .
- Stock ownership policy: Directors must hold shares equal to at least 5x the annual cash retainer; all directors are in compliance .
Fixed Compensation
| Component | 2024 Program | 2025 Program (effective Jan 1, 2025) |
|---|---|---|
| Board cash retainer | $50,000 | $60,000 |
| Chair of the Board additional fee | $80,000 | $80,000 (unchanged) |
| Vice Chair additional fee | $20,000 | $20,000 (unchanged) |
| Committee Chair fees | Audit: $22,500; Compensation/Risk: $16,000; Nominating/Trust: $14,000 | Same as 2024 |
| Committee Member fees | Audit member: $11,000; Other committees: $8,000 | Audit member: $15,000; Other committees: $10,000 |
| Equity retainer | $65,000 in unrestricted common shares | $80,000 in unrestricted common shares |
| Executive Committee per-meeting fee | $1,000 (≥1 hour) or $500 (<1 hour telephonic) | Same as 2024 |
| Linda V. Schreiner — 2024 Director Compensation | Amount |
|---|---|
| Fees earned or paid in cash | $100,000 |
| Stock awards (grant-date fair value) | $64,999 |
| Total | $164,999 |
Performance Compensation
| Year | Grant type | Award value | Form | Vesting/Restrictions | Performance metrics |
|---|---|---|---|---|---|
| 2024 | Director equity retainer | $65,000 | Unrestricted common shares | Fully vested, freely transferable (subject to securities laws) | None; director equity not performance-based |
| 2025 (estimated under plan) | Director equity retainer | ~$80,000 per non-employee director | Unrestricted common shares | Fully vested; subject to plan terms | None; plan contemplates unrestricted shares for directors |
- AUB’s 2025 Stock and Incentive Plan includes governance safeguards (no evergreen, no repricing without shareholder approval, double-trigger principles for assumed awards, clawbacks, no dividends on unearned performance awards), administered by an independent Compensation Committee .
Other Directorships & Interlocks
| Company | Role | Committees | Tenure |
|---|---|---|---|
| None disclosed (U.S.-listed public companies in past five years) | — | — | — |
- Compensation Committee Interlocks: No interlocks or relationships requiring disclosure; Committee comprised entirely of independent directors in 2024 .
Expertise & Qualifications
- Executive leadership across HR, corporate strategy, and communications at large public companies (Markel, MeadWestvaco) .
- Governance and talent experience; chairs Compensation Committee and sits on Nominating & Corporate Governance Committee overseeing ESG strategy .
- Banking and financial services exposure from early career at Signet Banking Corporation .
Equity Ownership
| Holder | Common shares | % of outstanding | Pledged shares | Ownership guideline compliance |
|---|---|---|---|---|
| Linda V. Schreiner | 21,398 | <1% (of 90,153,099 shares outstanding) | None (no pledges disclosed) | Compliant with policy (≥5x cash retainer) |
- Hedging and pledging of company stock are prohibited for directors and executive officers .
Governance Assessment
- Strengths: Independent Vice Chair; Compensation Committee chair with fully independent membership; robust governance practices (majority vote standard; quarterly executive sessions; clawback policy; prohibition on hedging/pledging); director stock ownership compliance; high 2024 Say-on-Pay support (~93%), indicating shareholder alignment .
- Compensation structure: Balanced cash/equity; transparent fee schedule; equity in unrestricted shares (no hidden performance modifiers for directors) .
- Attendance and engagement: Board and committee workload with strong attendance; independent directors conduct regular executive sessions .
- Conflicts/related party exposure: No related-party transactions or compensation interlocks disclosed for 2024 Compensation Committee members, including Schreiner ; Conflicts of Interest Policy requires Audit Committee review of potential conflicts .
- Watch items: Dual leadership roles (Vice Chair and Compensation Committee Chair) warrant continued attention to independent oversight; mitigants include a separate non-executive Chair and majority-independent Board/committees .