Union Bankshares (UNB) director receives grant of 694 restricted stock units

Rhea-AI Filing Summary

UNION BANKSHARES INC director Nancy C. Putnam reported a stock-based compensation grant. On May 20, 2026, she acquired 694 shares of Common Stock at $0.00 per share through a grant of restricted stock units that will settle in common shares when vesting conditions are met in future periods. Following this award, she directly holds 5,353 Common Stock shares. This is a compensation-related acquisition, not an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Putnam Nancy C

Role null

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

Holdings After Transaction: Common Stock — 5,353 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 694 shares Grant price: $0.00 per share Shares held after: 5,353 shares +1 more

4 metrics

RSUs granted 694 shares Restricted stock units granted on May 20, 2026

Grant price $0.00 per share Price per share for RSU grant

Shares held after 5,353 shares Total direct Common Stock holdings after grant

Transaction date May 20, 2026 Date of RSU grant transaction

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^*

Putnam Nancy C

(Last) (First) (Middle)

413 JEFF HEIGHTS ROAD

(Street)

JEFFERSONVILLE VERMONT 05464

(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)	5,353	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/ Nancy C. Putnam	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 for Nancy C. Putnam?

Union Bankshares reported that director Nancy C. Putnam received a grant of 694 restricted stock units on May 20, 2026. The units will be settled in common shares after vesting, increasing her direct holdings to 5,353 shares as part of stock-based compensation.

Was the recent Union Bankshares (UNB) Form 4 a market purchase or compensation grant?

The Union Bankshares Form 4 reflects a compensation grant, not a market purchase. Nancy C. Putnam received 694 restricted stock units at no cash cost, which will convert into common shares when vesting conditions are satisfied in future periods.

How many Union Bankshares (UNB) shares does Nancy C. Putnam hold after the latest grant?

After the May 20, 2026 grant, Nancy C. Putnam directly holds 5,353 shares of Union Bankshares common stock. This total includes the 694 restricted stock units awarded, which are structured to settle in shares once vesting requirements are met over future periods.

What are the terms of the 694 restricted stock units granted at Union Bankshares (UNB)?

The 694 restricted stock units granted to Nancy C. Putnam will be settled in Union Bankshares common stock, subject to vesting conditions in future periods. No purchase price was paid, indicating the award is part of her equity-based director compensation package.

Does the Union Bankshares (UNB) Form 4 indicate any insider selling by Nancy C. Putnam?

The Form 4 shows no insider selling by Nancy C. Putnam. It only reports an acquisition coded as a grant or award of 694 restricted stock units, with her direct ownership rising to 5,353 common shares after this stock-based compensation transaction.