Form 4: Union Bankshares Officer Reports Share Transactions

Stephen H. Kendall, an officer of Union Bankshares Inc., reported multiple share acquisitions through a dividend reinvestment plan and a subsequent disposition.

Summary

• Stephen H. Kendall, an officer of Union Bank, reported changes in beneficial ownership of UNION BANKSHARES INC (UNB) common stock.
• On May 1, 2025, 64.3234 shares were acquired at $33.11 per share through the Company's Dividend Reinvestment Plan, increasing holdings to 9,404.5136 shares.
• On August 7, 2025, an additional 78.8438 shares were acquired at $27.30 per share via the Dividend Reinvestment Plan, bringing the total to 9,483.3574 shares.
• On November 6, 2025, 93.1087 shares were acquired at $23.42 per share through the Dividend Reinvestment Plan, resulting in a total of 9,576.4661 shares.
• On December 16, 2025, 487.72 shares were disposed of at $23.13 per share, reducing beneficial ownership to 9,088.7461 shares.

Sentiment

Score: 4

Explanation: The officer consistently acquired shares through the dividend reinvestment plan, indicating a positive view on the company's dividend policy. However, a larger block of shares was subsequently disposed of, resulting in a net decrease in beneficial ownership. This disposition, often for tax purposes, slightly offsets the positive signal from DRIP participation.

Positives

• Consistent participation in the Dividend Reinvestment Plan (DRIP) on three separate occasions indicates a long-term holding strategy and confidence in the company's dividend policy.
• Acquisition of 64.3234 shares on May 1, 2025, at $33.11 per share.
• Acquisition of 78.8438 shares on August 7, 2025, at $27.30 per share.
• Acquisition of 93.1087 shares on November 6, 2025, at $23.42 per share.

Negatives

• Disposition of 487.72 shares on December 16, 2025, at $23.13 per share, resulting in a net decrease in the officer's total beneficial ownership after accounting for DRIP acquisitions.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Stephen H. Kendall, an officer of Union Bank, engaged in transactions involving the company's common stock, including acquisitions through a dividend reinvestment plan and a disposition.

Stakeholder Impact

• Shareholders: Minor impact on overall share structure due to routine insider transactions. The officer's continued participation in the DRIP may signal confidence in the dividend policy, while the disposition is likely for personal financial planning or tax purposes.

Key Dates

Keywords

UNION BANKSHARES INC, UNB, Form 4, Insider Trading, Beneficial Ownership, Dividend Reinvestment Plan, Officer Transactions, Stock Acquisition, Stock Disposition, Stephen H. Kendall