Silverman David Scott 4

What Happened David Scott Silverman, President & CEO and a director of Union Bankshares, was granted 6,153 restricted stock units (RSUs) on March 11, 2026. The filing reports the award as an "A" (grant/award/acquisition); no per-share price or total dollar value is disclosed. These RSUs are not immediately shares of stock and will be settled in common shares only if and when vesting conditions are met.

Key Details

• Transaction date: 2026-03-11 (period of report and filing date: 2026-03-11)
• Transaction type/code: Grant/Award (Code A) — 6,153 RSUs granted
• Price: N/A (no per-share price or aggregate value reported)
• Shares owned after transaction: Not stated in the provided filing details
• Footnote: F1 — RSUs to be settled in common stock subject to future vesting conditions
• Timeliness: Filed same day (appears timely)

Context This was a compensation award (RSUs), not an open-market purchase or sale. RSUs typically convert into actual shares only upon vesting and are often part of executive compensation packages; they do not necessarily signal immediate buying or selling intent. Taxation and actual share ownership generally occur at settlement/vesting rather than at grant.