Form 4: Union Bankshares Director Joel Bourassa Receives Restricted Stock Unit Grant

Union Bankshares Inc. Director Joel S. Bourassa was granted 452 shares of common stock in the form of restricted stock units on May 21, 2025, increasing his direct beneficial ownership to 2,302 shares.

Summary

• Joel S. Bourassa, a Director of UNION BANKSHARES INC (UNB), acquired 452 shares of common stock on May 21, 2025.
• This acquisition was a grant of restricted stock units (RSUs), which will be settled in shares of common stock upon satisfaction of future vesting conditions.
• Following this transaction, Mr. Bourassa's direct beneficial ownership of UNION BANKSHARES INC common stock increased to 2,302 shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive sign of alignment between management and shareholder interests, indicating confidence in the company's future performance, though it's a routine compensation event.

Positives

• The grant of restricted stock units to Director Joel S. Bourassa aligns his interests with those of shareholders, as the value of the grant is tied to the company's future stock performance.
• An increase in insider ownership, even through grants, can signal confidence in the company's long-term prospects.

Negatives

• No specific negative aspects are directly indicated by this routine insider transaction filing.

Risks

• No specific risks are mentioned in this Form 4 filing, which primarily reports changes in beneficial ownership.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports a routine insider transaction for a director of Union Bankshares Inc. and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholders, potentially fostering long-term value creation.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The restricted stock units are subject to satisfaction of vesting conditions in future periods, implying future share issuance upon vesting.

Key Dates

Recommendation

Keywords

UNION BANKSHARES INC, UNB, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Stock Grant, Beneficial Ownership, Joel S. Bourassa