Form 4: Director Nancy C. Putnam Increases Stake in Union Bankshares

Director Nancy C. Putnam acquired 694 restricted stock units in Union Bankshares, Inc. as part of a standard equity grant.

Summary

• Director Nancy C. Putnam was granted 694 restricted stock units (RSUs) of Union Bankshares, Inc. (UNB) common stock.
• The transaction occurred on May 20, 2026.
• Following this transaction, the director's total beneficial ownership increased to 5,353 shares.
• The shares are subject to future vesting conditions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Alignment of director interests with shareholders through increased equity ownership.
• Standard equity-based compensation structure for board members.

Negatives

• None identified.

Risks

• Vesting of restricted stock units is subject to future performance or service conditions.

Future Outlook

The restricted stock units are subject to satisfaction of vesting conditions in future periods.

Industry Context

StockSavvy.ai notes that director equity grants are a standard corporate governance practice in the regional banking sector to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The grant of restricted stock units is consistent with standard compensation packages for directors of small-cap regional bank holding companies.

Stakeholder Impact

• Positive signal for shareholders as it demonstrates director commitment to the company's long-term equity performance.

Next Steps

• Vesting of the 694 restricted stock units based on future conditions.

Key Dates

Keywords

Union Bankshares, UNB, Insider Trading, Form 4, Director Compensation, Equity Grant