Locklin Carrie R 4

What Happened

• Carrie R. Locklin, an officer of Union Bankshares, was granted 920 restricted stock units (RSUs) on March 11, 2026. The filing reports these as an award/acquisition (transaction code A); no purchase price or immediate cash value is shown. This is a compensation award (not a market purchase or sale) and will convert to common shares only if future vesting conditions are met.

Key Details

• Transaction date: 2026-03-11
• Transaction type/code: Grant/Award (A) of 920 RSUs; price reported as N/A
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: F1 — RSUs to be settled in common stock subject to future vesting conditions
• Filing timeliness: Reported on the same date (2026-03-11), indicating a timely filing

Context

• RSUs are a form of equity compensation that typically convert to shares if and when vesting conditions are satisfied; they are not an immediate cash purchase or sale. Such grants are common for executive and officer compensation and do not by themselves indicate buying or selling intent in the open market. Monitor future disclosures (vesting schedules or Form 4 updates) for when/if these units convert to shares or are sold.