Gould Jonathan Jay 4

What Happened

• Jonathan Jay Gould, an officer of Union Bankshares, acquired 149.635 shares on 2026-02-05 through the company's Dividend Reinvestment Plan (DRIP) at $24.74/share for a total of about $3,703. He was also awarded 2,750 restricted stock units (RSUs) on 2026-03-11 that will convert to shares only if vesting conditions are met.

Key Details

• Transaction dates and terms:
  • 2026-02-05: Other acquisition (code J) — 149.635 shares @ $24.74 each; total ≈ $3,703. Footnote F1: acquired via the Company’s Dividend Reinvestment Plan.
  • 2026-03-11: Grant/award (code A) — 2,750 restricted stock units; value per share not reported. Footnote F2: RSUs to be settled in common stock subject to future vesting.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form filed 2026-03-11 for a 2026-02-05 transaction — appears late (Form 4 is normally required within 2 business days); late filing may be noted on the SEC record.
• Transaction codes explained simply: J = acquisition by other means (here, DRIP); A = award/grant (RSUs).

Context

• The DRIP purchase is a small automatic reinvestment of dividends (routine, not a large active buy). Purchases via DRIPs are common and often reflect dividend policy rather than a direct buy signal.
• The RSU grant does not represent immediate stock ownership — shares will be issued only if and when the RSUs vest under the company’s conditions. This is a form of compensation rather than an open-market investment.