Kendall Stephen H 4

What Happened

• Stephen H. Kendall, an officer of Union Bankshares Inc. (UNB), had two reported transactions: an automated dividend reinvestment purchase and a grant of restricted stock units (RSUs).
• On 2026-02-05 Kendall acquired 105.781 shares at $24.74 per share through the company Dividend Reinvestment Plan (total ≈ $2,617). On 2026-03-11 he was granted 2,301 RSUs that will be settled in shares subject to future vesting conditions.

Key Details

• Transaction dates and types:
  • 2026-02-05 — Code J (other acquisition): 105.781 shares @ $24.74 (acquired via DRIP). Footnote F1: acquisition through the Company’s Dividend Reinvestment Plan.
  • 2026-03-11 — Code A (award/grant): 2,301 RSUs (to be settled in common stock, price N/A). Footnote F2: RSUs subject to vesting conditions.
• Report filing: Form 4 filed 2026-03-11. The 2/05 DRIP acquisition was reported on 3/11 (later than the 2-business-day Form 4 window); the 3/11 RSU grant was reported the same day.
• Shares owned after the transactions: not disclosed in the provided filing summary.
• Insider status: officer (not indicated as a 10% owner).

Context

• The 105.781-share acquisition was an automatic dividend reinvestment (routine, not an active open-market purchase) and is typically a compensation/cash-management action rather than a strong market sentiment signal.
• The 2,301 RSUs are a standard equity compensation award and will only convert to shares if and when vesting conditions are met; they do not represent immediate share sales or cash proceeds.