Union Bankshares (UNB) director awarded 694 restricted stock units as equity compensation

Rhea-AI Filing Summary

UNION BANKSHARES INC reported that Steven P. Cote, listed as a Director of Union Bank, received an award of 694 shares of common stock in the form of restricted stock units on May 20, 2026. The grant carries no cash exercise price and will be settled in common shares after future vesting conditions are met. Following this equity award, Cote’s directly held common stock position reported in this filing increased to 794 shares, reflecting routine stock-based compensation rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cote Steven P

Role null

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

Holdings After Transaction: Common Stock — 794 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Equity award size: 694 shares Award price per share: $0.0000 per share Total shares after grant: 794 shares

3 metrics

Equity award size 694 shares Restricted stock unit grant on May 20, 2026

Award price per share $0.0000 per share Reported transaction price for RSU grant

Total shares after grant 794 shares Common stock held directly following transaction

Key Terms

restricted stock units, vesting conditions, grant, award, or other acquisition

3 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"

Form 4 Insider Transactions: What Each Field Means →

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^*

Cote Steven P

(Last) (First) (Middle)

310 GRANDVIEW ROAD

(Street)

CONWAY NEW HAMPSHIRE 03818

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		A		694	A	(1)	794	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/ Steven P. Cote	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)

FAQ

What insider transaction did UNION BANKSHARES (UNB) report for Steven P. Cote?

UNION BANKSHARES reported that Steven P. Cote received an equity award of 694 shares of common stock on May 20, 2026. The award is structured as restricted stock units that will settle in common shares once future vesting conditions are satisfied.

How many UNION BANKSHARES (UNB) shares did Steven P. Cote acquire in this Form 4?

Steven P. Cote acquired 694 shares of UNION BANKSHARES common stock through a grant coded as an award. These shares are represented as restricted stock units that convert into common stock when vesting conditions are met in future periods, not through a cash purchase.

What is Steven P. Cote’s UNION BANKSHARES (UNB) holding after this transaction?

After the reported grant, Steven P. Cote’s directly held UNION BANKSHARES common stock position shown in this filing is 794 shares. This figure reflects the new 694-share restricted stock unit award added to his prior holdings as part of stock-based compensation.

Was cash paid for the UNION BANKSHARES (UNB) shares granted to Steven P. Cote?

No cash was paid for these UNION BANKSHARES shares; the transaction price per share is reported as 0.0000. The award represents restricted stock units granted as compensation, which will be settled in common stock after vesting requirements are fulfilled in future periods.

What do the restricted stock units granted by UNION BANKSHARES (UNB) to Steven P. Cote represent?

The restricted stock units represent a grant that will be settled in UNION BANKSHARES common stock upon vesting. A footnote explains the award is subject to satisfaction of vesting conditions in future periods, making it stock-based compensation rather than an immediate, unrestricted share issuance.

Is the UNION BANKSHARES (UNB) Form 4 for Steven P. Cote a market buy or a compensation grant?

This Form 4 reflects a compensation grant, not a market buy. The transaction is coded as a grant or award acquisition, with 694 restricted stock units carrying a per-share price of 0.0000, and vesting requirements must be met before settlement into common shares.