Form 4: Union Bankshares Officer Adjusts Stock Holdings

Patricia N. Hogan, an officer at Union Bankshares Inc., adjusted her beneficial ownership of common stock through dividend reinvestment, open market purchases, and tax-related dispositions.

Summary

• Patricia N. Hogan, an officer of Union Bank, acquired 66.4735 shares of Common Stock on May 1, 2025, at $33.11 per share through the Company's Dividend Reinvestment Plan (DRIP).
• An additional 6.013 shares of Common Stock were purchased on May 1, 2025, at $34.67 per share.
• On August 7, 2025, 81.4795 shares of Common Stock were acquired via DRIP at $27.3 per share, and 7.799 shares were purchased at $27.01 per share.
• Further acquisitions on November 6, 2025, included 96.2209 shares via DRIP at $23.42 per share and 9.241 shares purchased at $23.09 per share.
• A disposition of 481.96 shares of Common Stock occurred on December 16, 2025, at $23.13 per share, related to tax withholding.
• Beneficial ownership of Common Stock changed from an inferred 9,655.4019 shares (before the first reported DRIP) to a final reported 9,440.6688 shares after all transactions, representing a net decrease of 214.7331 shares.

Sentiment

Score: 5

Explanation: While the officer continues to acquire shares through dividend reinvestment and minor open market purchases, the overall beneficial ownership decreased due to a substantial tax withholding transaction, leading to a neutral sentiment.

Positives

• Continued participation in the Dividend Reinvestment Plan demonstrates ongoing confidence in the company's long-term prospects and strategy.
• Small open market purchases indicate a willingness to increase personal stake in the company's equity.

Negatives

• A net decrease in beneficial ownership of 214.7331 shares was observed over the period, primarily due to a significant disposition for tax withholding purposes.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the officer's continued participation in the DRIP and open market purchases as a positive signal of management's alignment with shareholder interests, despite the net reduction in overall holdings due to tax obligations.

Key Dates

Recommendation

The filing details routine insider transactions, including acquisitions through a dividend reinvestment plan and minor open market purchases, alongside a significant tax-related disposition that resulted in a net decrease in beneficial ownership. These transactions are not substantial enough to warrant a change in investment recommendation, suggesting a 'hold' position is appropriate given the lack of new fundamental information.

Keywords

UNION BANKSHARES INC, UNB, Form 4, insider transaction, dividend reinvestment plan, stock acquisition, officer stock ownership, tax withholding