Was the UNB insider transaction a market purchase or a share grant?

The UNB transaction was a share grant, not a market purchase. It is coded as a grant, award, or other acquisition, with a price per share of $0.0000, indicating compensation-style restricted stock units rather than stock bought on the open market.

UNION BANKSHARES director receives 694-share stock grant

Frame Walter B III reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Frame Walter B III reported acquisition or exercise transactions in this Form 4 filing.

UNION BANKSHARES INC director of Union Bank Walter B. Frame III received an award of 694 shares of common stock on May 20, 2026. The shares were granted as restricted stock units at no cash cost, and his directly owned holdings increased to 1,694 shares, subject to future vesting conditions.

Insider Trade Summary

Grant/Award: 694 shares

Grant/Award 1 txn

Insider Frame Walter B III

Role Insider

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

Holdings After Transaction: Common Stock — 1,694 shares (Direct)

Footnotes (1)

F1. Represents a grant of restricted stock units to be settled in shares of common stock, subject to satisfaction of vesting conditions in future periods.

Key Figures

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

4 metrics

Shares granted 694 shares Restricted stock unit award on May 20, 2026

Price per share $0.0000 per share Compensation grant, not market purchase

Total shares after grant 1,694 shares Direct holdings following transaction

Transaction code A Grant, award, or other acquisition of common stock

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UNB reporting person Walter B. Frame III report?

Walter B. Frame III reported an acquisition of 694 shares of UNION BANKSHARES INC common stock. The filing describes this as a grant or award, meaning it was compensation-related rather than an open-market purchase and therefore involved no cash paid per share.

How many UNION BANKSHARES INC shares does Walter B. Frame III hold after this grant?

After the grant, Walter B. Frame III directly owns 1,694 shares of UNION BANKSHARES INC common stock. This total includes the 694 shares from the latest award, increasing his reported direct holdings compared with his position before the compensation-related transaction.

What are the terms of the UNB restricted stock units granted to Walter B. Frame III?

The restricted stock units will be settled in UNION BANKSHARES INC common stock. According to the footnote, the award is subject to satisfaction of vesting conditions in future periods, meaning the shares are earned over time rather than being fully unrestricted immediately.

Did Walter B. Frame III pay anything for the UNB shares he received?

He did not pay cash for the shares in this transaction. The Form 4 reports a transaction price per share of $0.0000, confirming these 694 shares were issued as a compensation grant rather than purchased through an open-market buy order.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 04:18 PM EDT

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^*

Frame Walter B III

(Last)

(First)

(Middle)

1819 TRAPP HILL ROAD

(Street)

STOWE

VERMONT

05672

(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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		A		694	A	⁽¹⁾	1,694	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Walter B. Frame III	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)

Source: View Original Filing on SEC EDGAR