Union Bankshares (UNB) director granted 694 restricted stock units in Form 4 filing

Rhea-AI Filing Summary

Bugbee Dawn D reported acquisition or exercise transactions in this Form 4 filing.

Union Bankshares Inc. director Dawn D. Bugbee received an equity grant of 694 shares of Common Stock. The Form 4 shows this as a grant or award with no cash price per share, increasing her direct holdings to 6,087 shares after the transaction.

According to a footnote, the award consists of restricted stock units that will be settled in shares of common stock, subject to vesting conditions in future periods. This is a compensation-related equity grant rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bugbee Dawn D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	694	$0.00	--

Holdings After Transaction: Common Stock — 6,087 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 694 shares Price per share: $0.0000 per share Shares owned after grant: 6,087 shares +1 more

4 metrics

Shares granted 694 shares Grant or award of Common Stock on May 20, 2026

Price per share $0.0000 per share Reported grant price for awarded shares

Shares owned after grant 6,087 shares Total direct Common Stock holdings following transaction

Transaction date May 20, 2026 Date of non-derivative stock grant

Key Terms

restricted stock units, vesting conditions, grant, award, or other acquisition, Common Stock

4 terms

restricted stock units financial

"Represents a grant of restricted stock units to be settled in shares of common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting conditions financial

"subject to satisfaction of vesting conditions in future periods"

Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bugbee Dawn D

(Last) (First) (Middle)

313 WEST SHORE ROAD

(Street)

SOUTH HERO VERMONT 05486

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNION BANKSHARES INC [ UNB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		A		694	A	(1)	6,087	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of restricted stock units to be settled in shares of common stock, subject to satisfaction of vesting conditions in future periods.

Remarks:

	/s/ Dawn D. Bugbee	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Union Bankshares (UNB) disclose for Dawn D. Bugbee?

Union Bankshares reported that director Dawn D. Bugbee received a grant of 694 shares of Common Stock. The Form 4 characterizes this as a grant or award, increasing her direct ownership to 6,087 shares following the transaction, with no cash price paid per share.

Was the Union Bankshares (UNB) transaction an open-market buy or a stock grant?

The transaction was a stock grant, not an open-market purchase. Form 4 data labels it as a grant or award acquisition of 694 Common Stock shares at a reported price of 0.0000 per share, reflecting equity compensation to director Dawn D. Bugbee.

How many Union Bankshares (UNB) shares does Dawn D. Bugbee hold after this Form 4?

After the reported grant, Dawn D. Bugbee directly holds 6,087 shares of Union Bankshares Common Stock. This total includes the newly awarded 694 shares disclosed in the Form 4, as shown in the post-transaction ownership figure in the filing.

What are the terms of the Union Bankshares (UNB) restricted stock units granted?

The filing states the award represents restricted stock units to be settled in Union Bankshares common stock. Settlement is subject to satisfaction of vesting conditions in future periods, meaning the shares are delivered over time as those vesting requirements are met.

Does the Union Bankshares (UNB) Form 4 indicate any derivative or options activity?

The Form 4 does not report any derivative or option exercises. The derivative section is empty, and the transaction summary shows no derivative transactions or exercises, focusing solely on the non-derivative stock grant of 694 Common Stock shares.