Weidley Jeffrey F 4

What Happened
Jeffrey F. Weidley, President of Union Bankshares, was granted 3,000 restricted stock units (RSUs) on May 4, 2026. The filing shows an award (code A) rather than a purchase or sale; no per‑share price or immediate cash value is reported because the RSUs will convert to shares only if and when vesting conditions are met (see footnote F1).

Key Details

• Transaction date: May 4, 2026 (reported on Form 4 filed May 22, 2026). The filing was submitted 18 days after the reported transaction date (appears late).
• Transaction type/code: Award of restricted stock units (A).
• Shares/units awarded: 3,000 RSUs. Price: N/A (typical for grants).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — These RSUs will be settled in common stock subject to future vesting conditions.

Context
RSU grants are a form of compensation that convert to shares only after vesting; they are not an immediate purchase or sale and therefore do not directly signal near‑term buying or selling intent. Such awards are common for executive compensation and align management pay with shareholder value over time. The late filing is noteworthy for compliance monitoring but does not change the nature of the grant itself.