Form 4: Director Steven P. Cote Receives UNB Stock Grant

Union Bankshares Inc. director Steven P. Cote acquired 694 restricted stock units as part of a compensation grant.

Summary

• Director Steven P. Cote was granted 694 restricted stock units (RSUs) of Union Bankshares Inc. (UNB).
• The transaction occurred on May 20, 2026.
• Following this grant, the reporting person holds a total of 794 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on the company's financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None noted.

Risks

• Vesting conditions for the restricted stock units must be satisfied in future periods for the shares to be fully realized.

Future Outlook

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

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices in the regional banking sector to ensure long-term alignment with shareholder value.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is consistent with standard practices among small-cap financial institutions.

Stakeholder Impact

• Minor dilution impact upon eventual settlement of RSUs, though typical for executive/director compensation plans.

Next Steps

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

Key Dates

Keywords

Union Bankshares, UNB, Insider Trading, Form 4, Restricted Stock Units, Director Compensation