Union Bankshares (UNB) officer gains stock units and DRIP shares

Rhea-AI Filing Summary

Union Bankshares Inc officer Stephen H. Kendall reported new holdings in the company’s common stock. On March 11, 2026, he received 2,301 shares as a grant of restricted stock units that will be settled in shares if future vesting conditions are met, bringing his direct ownership to 11,495.5266 shares.

The filing also notes that on February 5, 2026, he acquired 105.7805 shares through the company’s Dividend Reinvestment Plan, which automatically reinvests cash dividends into additional shares. Both transactions appear to be routine compensation and dividend reinvestment activity rather than open-market trading.

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^*

Kendall Stephen H

(Last) (First) (Middle)

254 BIRCH ROAD

(Street)

SHELBURNE VT 05482

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

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	02/05/2026	02/05/2026	J(1)		105.7805	A	$24.7444	9,194.5266	D
Common Stock	03/11/2026		A		2,301	A	(2)	11,495.5266	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. These shares were acquired on 2/05/2026 through the Company's Dividend Reinvestment Plan.

2. 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/ Stephen H. Kendall	03/11/2026
	** 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.

FAQ

What insider transactions did Union Bankshares (UNB) report for Stephen H. Kendall?

Stephen H. Kendall reported receiving 2,301 shares of Union Bankshares common stock as a restricted stock unit grant and acquiring 105.7805 shares through the company’s Dividend Reinvestment Plan, both increasing his direct ownership position in the bank.

How many Union Bankshares (UNB) shares does Stephen H. Kendall now hold?

After the latest restricted stock unit grant, Stephen H. Kendall directly holds 11,495.5266 shares of Union Bankshares common stock, according to the Form 4, reflecting the cumulative effect of the grant and prior dividend reinvestment plan acquisitions.

What is the nature of the 2,301-share award to the Union Bankshares (UNB) officer?

The 2,301-share award is a grant of restricted stock units that will be settled in Union Bankshares common stock, subject to vesting conditions in future periods. This represents equity-based compensation rather than an open-market purchase.

Was cash paid for the 2,301 Union Bankshares (UNB) shares reported in the Form 4?

No cash was paid for the 2,301 shares; they were granted at a reported price per share of 0.0000 as restricted stock units, making this a compensation-related equity award instead of a market transaction involving cash outlay.

How were the 105.7805 Union Bankshares (UNB) shares on February 5, 2026 acquired?

The 105.7805 shares reported on February 5, 2026 were acquired through Union Bankshares’ Dividend Reinvestment Plan, which automatically uses cash dividends to purchase additional common shares for participating shareholders.

Does the Union Bankshares (UNB) Form 4 show any insider share sales by Stephen H. Kendall?

The Form 4 does not report any open-market sales by Stephen H. Kendall. It shows an equity award of 2,301 restricted stock units and additional shares from the Dividend Reinvestment Plan, both increasing his direct holdings.