Sargent Timothy Willis 4

What Happened Timothy Willis Sargent, Vice‑Chairman and director of Union Bankshares, was granted 694 restricted stock units (RSUs) on May 20, 2026. The Form 4 lists the transaction as an award/grant (code A); no purchase price or total dollar value is reported in the filing. These RSUs are to be settled in shares of common stock subject to future vesting conditions.

Key Details

• Transaction date: 2026-05-20; Filing date: 2026-05-22 (filed within the normal reporting window).
• Transaction type/code: A — grant/award of restricted stock units.
• Quantity: 694 RSUs; price: N/A; total value: not reported on the Form 4.
• Shares owned after transaction: not specified in the provided filing.
• Footnote F1: Confirms these are RSUs to be settled in common stock and subject to vesting.
• No indication of a 10b5-1 plan, tax withholding, or immediate sale in the filing.

Context RSU grants are a form of compensation that convert to company shares only if vesting conditions are met; they are not an immediate market purchase or sale. Such awards align executive pay with shareholder value over time but do not, by themselves, indicate an insider buying or selling shares in the open market.