Union Bankshares (NASDAQ: UNB) vice-chair awarded 694 restricted stock units

Rhea-AI Filing Summary

Sargent Timothy Willis reported acquisition or exercise transactions in this Form 4 filing.

UNION BANKSHARES INC vice-chairman Timothy Willis Sargent reported receiving a grant of 694 shares of common stock in the form of restricted stock units at no cash cost. These units will be settled in common shares only after vesting conditions are met in future periods, bringing his directly held shares to 4,758.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sargent Timothy Willis

Role Vice-Chairman

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

Holdings After Transaction: Common Stock — 4,758 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 694 shares Grant price: $0.0000 per share Shares after transaction: 4,758 shares

3 metrics

RSU grant size 694 shares Restricted stock units awarded on 2026-05-20

Grant price $0.0000 per share Equity compensation, not a cash purchase

Shares after transaction 4,758 shares Directly held common stock following the award

Key Terms

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

3 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"

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^*

Sargent Timothy Willis

(Last) (First) (Middle)

P.O. BOX 199

(Street)

MORRISVILLE VERMONT 05661-0199

(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
X	Officer (give title below)		Other (specify below)
	Vice-Chairman

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)	4,758	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/ Timothy Sargent	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) report on this Form 4?

UNION BANKSHARES reported that vice-chairman Timothy Willis Sargent received a grant of 694 restricted stock units, to be settled in common stock after vesting. This is a compensation-related equity award, not an open-market purchase or sale of shares.

Did Timothy Willis Sargent buy or sell UNION BANKSHARES (UNB) stock on the market?

No, Timothy Willis Sargent did not trade on the open market. He received 694 restricted stock units as an equity grant at no stated purchase price, which will convert to common shares only if the specified vesting conditions are satisfied in future periods.

How many UNION BANKSHARES (UNB) shares does Sargent hold after this Form 4 transaction?

After the award, Timothy Willis Sargent is reported to hold 4,758 shares of UNION BANKSHARES common stock directly. This total reflects the addition of 694 restricted stock units that will be settled in shares once the applicable vesting requirements have been fulfilled.

What are restricted stock units in the UNION BANKSHARES (UNB) Form 4 filing?

The filing describes the award as restricted stock units that will be settled in common stock. These units represent a promise of future shares, contingent on meeting vesting conditions during future periods, rather than immediate ownership of freely tradable common shares today.

Was there a purchase price for the UNION BANKSHARES (UNB) shares reported in this Form 4?

The Form 4 shows a transaction price per share of $0.0000 for the 694 units. This indicates the award was a compensation grant of restricted stock units, not a cash purchase, with the shares to be issued only upon satisfaction of vesting conditions in the future.