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UNION BANKSHARES INC director Nancy C. Putnam reported a stock-based compensation grant. On May 20, 2026, she acquired 694 shares of Common Stock at $0.00 per share through a grant of restricted stock units that will settle in common shares when vesting conditions are met in future periods. Following this award, she directly holds 5,353 Common Stock shares. This is a compensation-related acquisition, not an open-market purchase.
UNION BANKSHARES INC director Gregory D. Sargent received an equity grant of 694 shares of Common Stock as a stock award. The Form 4 classifies this as a grant or award acquisition with no cash price per share, indicating compensation rather than an open-market purchase. Following this grant, Sargent directly holds 2,946 shares of Union Bankshares common stock. According to the footnote, the grant consists of restricted stock units that will be settled in shares of common stock, subject to vesting conditions that must be satisfied in future periods.
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.
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.
Parent Mary K reported acquisition or exercise transactions in this Form 4 filing.
Union Bankshares Inc. director Mary K. Parent received a grant of 694 shares of Common Stock in the form of restricted stock units, with no cash purchase price. These units will be settled in common shares, subject to vesting conditions in future periods.
After this award, Parent directly holds a total of 2,247 shares of Union Bankshares common stock, indicating a relatively modest, compensation-related increase in her equity stake rather than an open-market share purchase.
Union Bankshares, Inc. reported results of its annual shareholder meeting held on May 20, 2026, and changes in board leadership. Long-time director and Board Chair Cornelius J. Van Dyke retired from the boards of Union Bankshares, Inc. and Union Bank after reaching the mandatory retirement age under the bylaws.
At the organizational board meeting immediately following the shareholder meeting, Chief Executive Officer David S. Silverman was named Board Chair, and Timothy W. Sargent was named Vice Chair and Lead Independent Director of both entities, consolidating leadership roles and designating an independent lead director.
Shareholders voted with strong participation: of 4,614,050 shares outstanding on the March 27, 2026 record date, 3,297,195 shares were represented in person or by proxy. They approved fixing the board size at ten directors and elected all ten nominees, including Silverman and Sargent, each receiving over 2.39 million votes for, along with substantial broker non-votes. Shareholders also ratified the appointment of BDMP Assurance, LLP as the Company’s external auditors for 2026, with 3,268,522 votes for, 11,454 against, and 17,219 abstentions.
Anita G. Zucker and affiliated entities filed a Schedule 13D reporting beneficial ownership of 347,994 shares of Union Bankshares common stock, or 7.54% of the 4,614,052 shares outstanding as of May 12, 2026.
The Zucker entities acquired 304,602 shares in the last 60 days through open market purchases, including 300,000 shares on May 12, 2026 at $23.54 per share, for total Union Bank investment of $8,176,999.89. They state the stake is for investment purposes but reserve the right to consider actions such as additional purchases, sales, or potential corporate transactions while currently disavowing any specific plans.
Union Bankshares, Inc. reported stronger results for the quarter ended March 31, 2026. Net income rose to $3.0 million from $2.5 million a year earlier, and diluted EPS increased to $0.65 from $0.55, helped by higher net interest income.
Total assets were $1.63 billion, with gross loans of $1.18 billion and deposits of $1.20 billion. The fully tax-equivalent net interest margin improved to 2.99% from 2.88%, as asset yields outpaced funding costs. Asset quality remained solid, with nonperforming assets at 0.82% of total assets and the allowance for credit losses on loans at 0.69% of loans.
Total comprehensive income was lower than net income because of $1.9 million in after-tax unrealized losses on available-for-sale securities recorded in other comprehensive income, reflecting interest rate–driven valuation changes rather than realized losses.
UNION BANKSHARES INC President files initial ownership report showing no common stock holdings. President Jeffrey F. Weidley submitted a Form 3 reporting his position in Union Bankshares Inc. The filing lists Common Stock with total shares following the reported entry of 0.0000, indicating no common shares are reported as beneficially owned.
Union Bankshares, Inc. reported stronger results for the first quarter of 2026. Net income was $3.0 million, or $0.65 per share, up from $2.5 million, or $0.55 per share, a year earlier, helped by higher net interest income and solid credit quality.
Total assets reached $1.63 billion, up 6.6% from March 31, 2025, with investment securities at $315.6 million and loans at $1.18 billion. Net interest income rose to $11.3 million, while noninterest income was $2.5 million, including $350 thousand of gains on mortgage sales.
Noninterest expenses increased to $10.8 million as the company invested in people, technology, and operations. Deposits totaled $1.20 billion, and stockholders’ equity increased, with book value per share rising 13.1% to $17.46. The Board declared a quarterly dividend of $0.36 per share, payable May 7, 2026 to shareholders of record on April 27, 2026.