Frame Walter B III 4

What Happened Frame Walter B III, a director of Union Bankshares, was awarded 694 restricted stock units (RSUs) on 2026-05-20. The award is reported as an acquisition (grant) and will be settled in common stock if and when vesting conditions are met. No per-share price or immediate cash value is reported in the filing.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (filed within the typical 2-business-day window).
• Transaction type: A = Award/Grant of RSUs (to be settled in shares); price listed as N/A.
• Shares involved: 694 RSUs granted. Filing does not state a dollar value or shares owned after the grant in the provided excerpt.
• Footnote: F1 — these RSUs will be settled in shares of common stock subject to future vesting conditions.
• Timeliness: No late filing indicated.

Context Restricted stock units are a common form of director compensation. RSUs represent a promise to deliver shares later if vesting conditions are satisfied and do not immediately increase the director’s voting power or transferable shares until settlement. Such grants are routine and reflect compensation practices rather than open-market buying or selling by the insider.