Union Bankshares (UNB) director receives 694-share restricted stock award

Rhea-AI Filing Summary

SPITLER JANET P reported acquisition or exercise transactions in this Form 4 filing.

Union Bankshares Inc. director Janet P. Spitler received an equity grant of 694 restricted stock units tied to the company’s common stock. The units were awarded at no cash cost per share and will be settled in common stock once future vesting conditions are met.

After this compensation-related award, Spitler’s direct holdings increased to 2,386 shares of Union Bankshares common stock. This is a routine stock-based compensation grant rather than an open-market purchase or sale.

Insider Trade Summary

Net Buyer: 694 shares

Net Buy 1 txn

Insider SPITLER JANET P

Role Director

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

Holdings After Transaction: Common Stock — 2,386 shares (Direct)

Footnotes (1)

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

RSU grant size: 694 shares Grant price per share: $0.00 per share Shares held after grant: 2,386 shares +1 more

4 metrics

RSU grant size 694 shares Restricted stock units to be settled in common stock

Grant price per share $0.00 per share Equity award granted at no cash cost

Shares held after grant 2,386 shares Total direct holdings following the RSU award

Transaction date May 20, 2026 Date of RSU grant reported on Form 4

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"

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/22/2026 - 04:18 PM Learn about SEC filing dates

FAQ

What did Union Bankshares (UNB) director Janet P. Spitler report in this Form 4?

Janet P. Spitler reported receiving 694 restricted stock units linked to Union Bankshares common stock. The award is a stock-based compensation grant, not an open-market purchase, and will settle in shares once future vesting conditions are satisfied.

How many Union Bankshares (UNB) shares does Janet P. Spitler hold after this grant?

Following the grant, Janet P. Spitler directly holds 2,386 shares of Union Bankshares common stock. This total reflects the addition of 694 restricted stock units that will convert into shares upon meeting specified vesting conditions in future periods.

Was cash paid for the 694-share Union Bankshares (UNB) award to Janet P. Spitler?

No cash was paid for this award; the Form 4 lists a grant price of $0.00 per share. The 694 restricted stock units represent a non-cash equity compensation grant that will settle in common stock after vesting requirements are met.

What type of equity award did Union Bankshares (UNB) grant to Janet P. Spitler?

Union Bankshares granted Janet P. Spitler restricted stock units that will be settled in shares of common stock. According to the footnote, these units are subject to vesting conditions that must be satisfied in future periods before conversion into shares.

Does this Union Bankshares (UNB) Form 4 show an insider stock sale or purchase?

The Form 4 shows an acquisition through a grant, not a market trade. Janet P. Spitler received 694 restricted stock units as compensation, at $0.00 per share, rather than buying or selling shares in the open market.

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^*

SPITLER JANET P

(Last) (First) (Middle)

8 STANHOPE RD

(Street)

SOUTH BURLINGTON VERMONT 05403

(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)

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

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)	2,386	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/ Janet P. Spitler	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)