Union Bankshares (NASDAQ: UNB) officer receives 920-share restricted stock grant

Rhea-AI Filing Summary

Locklin Carrie R reported acquisition or exercise transactions in this Form 4 filing.

UNION BANKSHARES INC reported that Carrie R. Locklin, an officer of Union Bank, received a grant of 920 shares of common stock on March 11, 2026. The award was recorded at a price of $0.0000 per share as a compensation grant, not a market purchase.

After this grant, Locklin’s direct holdings increased to 3,273.3695 shares of common stock. According to the footnote, the award represents restricted stock units that will be settled in shares of common stock, subject to vesting conditions being satisfied in future periods.

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^*

Locklin Carrie R

(Last) (First) (Middle)

388 WEST HILL ROAD

(Street)

ST. JOHNSBURY VT 05819

(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)
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		920	A	(1)	3,273.3695	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/ Carrie R Locklin	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 transaction did UNION BANKSHARES INC (UNB) report for Carrie R. Locklin?

UNION BANKSHARES INC reported that officer Carrie R. Locklin received a grant of 920 shares of common stock. The award was a compensation grant, not an open-market purchase, and was recorded at a price of $0.0000 per share on March 11, 2026.

How many UNION BANKSHARES INC (UNB) shares does Carrie R. Locklin hold after this Form 4?

Following the reported grant, Carrie R. Locklin directly holds 3,273.3695 shares of UNION BANKSHARES INC common stock. This reflects the addition of 920 awarded shares, which are structured as restricted stock units that will settle in shares if vesting conditions are met.

Was the UNB Form 4 transaction a stock purchase or a grant to Carrie R. Locklin?

The Form 4 shows a grant to Carrie R. Locklin, not a stock purchase. The transaction is coded “A” for grant, award, or other acquisition, and the 920 shares of common stock were awarded at a stated price of $0.0000 per share as equity compensation.

What are the terms of the restricted stock units granted to Carrie R. Locklin at UNION BANKSHARES INC?

The filing states that the 920-share award represents restricted stock units to be settled in shares of common stock. Settlement is subject to vesting conditions being satisfied in future periods, meaning the units convert into actual shares over time as conditions are met.

What role does Carrie R. Locklin have in relation to UNION BANKSHARES INC (UNB)?

Carrie R. Locklin is identified as an officer of Union Bank, which is associated with UNION BANKSHARES INC. While not listed as a director or ten percent owner, her role as an officer explains why her equity compensation grant is reported through this Form 4 insider transaction.