Hogan Patricia N 4

What Happened
Patricia N. Hogan, an officer of Union Bankshares, acquired a small block of common stock on Feb 5, 2026 and was granted restricted stock units on Mar 11, 2026. On Feb 5 she acquired 108.58 shares through the company’s Dividend Reinvestment Plan (DRIP) at $24.74 ($2,687) and separately purchased 8.572 shares in the open market at $25.28 ($217) — about 117.15 shares total for roughly $2,904. On Mar 11 she was granted 2,301 restricted stock units (RSUs) that will convert to shares subject to future vesting; no per-share price or immediate value was reported.

Key Details

• Transaction dates and prices:
  • 2026-02-05: 108.58 shares (code J, DRIP) @ $24.74 = $2,687 (footnote F1)
  • 2026-02-05: 8.572 shares (code P, open-market purchase) @ $25.28 = $217
  • 2026-03-11: 2,301 RSUs granted (code A), value not reported (footnote F2)
• Shares owned after the transactions: Not specified in the provided Form 4 excerpt.
• Footnotes:
  • F1: Shares from the DRIP (automatic reinvestment of dividends).
  • F2: RSUs to be settled in shares, subject to vesting conditions.
• Filing timeliness: The Form 4 was filed 2026-03-11. The Feb 5 purchases appear to be reported late (insiders generally must file within 2 business days); the Mar 11 grant appears reported the same day.

Context

• The Feb 5 activity combines a routine DRIP purchase (code J) and a very small open-market buy (code P); such small purchases are often routine and do not by themselves indicate a major change in insider sentiment.
• The 2,301 RSU grant is a typical equity compensation action for executives and vests in future periods before becoming actual shares; it is not an immediate sale or cash transaction.