Cote Steven P 4

What Happened

• Steven P. Cote, a director of Union Bankshares Inc. (UNB), received a grant of 694 restricted stock units (RSUs) on May 20, 2026. The filing lists the transaction as an award/acquisition (code A). No per-share price or immediate cash value is reported (price = N/A); these RSUs will convert to common shares if and when vesting conditions are met.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (within the standard two-business-day reporting window).
• Grant size: 694 RSUs; reported price: N/A (award, not an open-market trade).
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — "Represents a grant of restricted stock units to be settled in shares of common stock, subject to satisfaction of vesting conditions in future periods."
• No indication of a sale, purchase, or tax-withholding share forfeiture in this filing.

Context

• RSU grants are a common form of director/employee compensation and typically vest over time or upon meeting performance goals; they do not represent an immediate cash purchase or sale. Because the RSUs convert to shares only upon vesting, this award is not a direct bullish or bearish trade signal by itself.