[Form 4] UNION BANKSHARES INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weidley Jeffrey F reported acquisition or exercise transactions in this Form 4 filing.
Union Bankshares Inc. President Jeffrey F. Weidley reported an equity compensation award. He received a grant of 3,000 restricted stock units, to be settled in shares of common stock, with settlement subject to vesting conditions in future periods.
The award carries a reported price of $0.00 per share, reflecting its nature as compensation rather than an open-market purchase. Following this grant, the filing shows Weidley with 3,000 shares of common stock held directly, all tied to this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weidley Jeffrey F
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 3,000 shares
Reported grant price: $0.00 per share
Shares held after transaction: 3,000 shares
3 metrics
Equity award size
3,000 shares
Restricted stock unit grant reported on Form 4
Reported grant price
$0.00 per share
Compensation-related RSU award, not open-market purchase
Shares held after transaction
3,000 shares
Direct common stock holdings following the award
Key Terms
restricted stock units, vesting conditions, Form 4, equity award
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.
Form 4 regulatory
"as reported in a Form 4 insider transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
equity award financial
"He received a grant of 3,000 restricted stock units as an equity award"
An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.
