Union Bankshares (UNB) CEO awarded 6,153 restricted stock units

Rhea-AI Filing Summary

Silverman David Scott reported acquisition or exercise transactions in this Form 4 filing.

Union Bankshares Inc. President and CEO David Scott Silverman received a grant of 6,153 shares of common stock in the form of restricted stock units. These units will be settled in shares of common stock if vesting conditions are met in future periods. Following this award, his directly held common stock position reported in this filing is 45,864.17 shares.

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

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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^*

Silverman David Scott

(Last) (First) (Middle)

153 LAZY LANE

(Street)

MORRISVILLE VT 05661

(City) (State) (Zip)

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)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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

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

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

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	03/11/2026		A		6,153	A	(1)	45,864.17	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/ David S. Silverman	03/11/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Union Bankshares (UNB) report for David Scott Silverman?

Union Bankshares reported that President and CEO David Scott Silverman received a grant of 6,153 restricted stock units. These units represent common stock awards that will be settled in shares if specified vesting conditions are satisfied over future periods.

How many Union Bankshares (UNB) shares does the CEO hold after this Form 4 grant?

After the reported grant, David Scott Silverman is shown holding 45,864.17 shares of Union Bankshares common stock directly. This figure reflects his position immediately following the 6,153-share restricted stock unit award disclosed in the Form 4 filing.

Was the Union Bankshares (UNB) CEO’s Form 4 transaction a market purchase or sale?

The Form 4 shows a grant of 6,153 restricted stock units to the Union Bankshares CEO, not a market purchase or sale. The transaction price per share is listed as zero, indicating a compensation-related award rather than an open-market trade.

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

The award consists of restricted stock units that will be settled in Union Bankshares common stock. According to the footnote, settlement is subject to vesting conditions being satisfied in future periods, meaning the CEO must meet those conditions before receiving the underlying shares.

Does the Union Bankshares (UNB) Form 4 indicate any derivative securities for the CEO?

The provided Form 4 data does not list any derivative security transactions for David Scott Silverman in this filing. The reported activity involves only non-derivative common stock through a restricted stock unit grant, with no remaining derivative positions shown in the derivative summary.

How is the Union Bankshares (UNB) CEO’s Form 4 transaction classified by the SEC code?

The transaction is coded “A,” which the filing describes as a grant, award, or other acquisition. In this case, it reflects a compensation-related restricted stock unit grant of 6,153 units to the Union Bankshares President and CEO, rather than a cash purchase on the open market.