Schoenig Vincent W 4

What Happened Vincent W. Schoenig, an officer of Union Bankshares, acquired 47.374 shares on February 5, 2026 through the company’s Dividend Reinvestment Plan (DRIP) at an implied cost of $24.74 per share (total ~$1,172). Separately, on March 11, 2026 he was granted 2,301 restricted stock units (RSUs) that will be settled in shares subject to future vesting conditions.

These are acquisitions (not sales). The DRIP purchase is a small, routine purchase tied to dividends; the RSU grant is a compensation award rather than an open-market buy.

Key Details

• Transactions:
  • 2026-02-05 — Other acquisition (code J): 47.374 shares @ $24.74 (acquired) — $1,172 total. Footnote: acquired via the Company’s Dividend Reinvestment Plan.
  • 2026-03-11 — Grant/award (code A): 2,301 RSUs to be settled in common stock (price N/A). Footnote: RSUs subject to vesting conditions.
• Shares owned following the reported transactions: not specified in the filing.
• Filing date: Form 4 filed 2026-03-11 for a Feb 5 transaction — the report was filed late relative to the typical 2-business-day Form 4 deadline.
• Transaction codes: J = other acquisition (here, DRIP); A = award/grant (restricted stock units).

Context

• DRIP purchases reflect reinvestment of dividends and are common, routine insider acquisitions that do not necessarily signal a deliberate market-timing buy.
• RSU grants are compensation awards that vest over time; they represent potential future share issuance rather than immediate open-market buying power.
• Because the Form 4 was filed well after the Feb 5 transaction date, retail investors should note the late reporting when assessing the timeliness of insider disclosures.