Union Bankshares Officer Sells $10.8k in Stock for Tax Withholding
UNION BANKSHARES INC
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Filing Summary
Union Bankshares Officer Sells $10.8k in Stock for Tax Withholding
Company: UNION BANKSHARES INC (UNB) Form: 4 | Filed: 2025/12/18 Significance: Low
Insider: Gould Jonathan Jay Title: Officer of Union Bank | Relationship: Other
Transaction: • Type: Tax Withholding • Shares: 468.25 • Price: $23.13 • Value: $10,830 • Owned After: 11,930.09
Key Insight: An officer disposed of a small number of shares to cover tax liabilities. This is a routine, non-discretionary transaction with minimal market signaling value.
Market Context: The transaction represents a negligible 0.01% of the company's market capitalization and outstanding shares, confirming its low materiality.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: UNION BANKSHARES INC (UNB)
Executive Summary
- Trading Significance: Low
- Key Takeaway: An officer at a subsidiary bank disposed of a small amount of stock to cover tax obligations, a common and non-discretionary event.
- Market Impact: Neutral. The transaction is too small relative to the company's size to have any market impact.
Company Information
| Field | Value |
|---|---|
| Company | UNION BANKSHARES INC |
| Ticker Symbol | UNB |
| CIK | 0000706863 |
| Industry | State Commercial Banks |
Insider Information
| Field | Value |
|---|---|
| Name | Gould Jonathan Jay |
| CIK | 0001780609 |
| Title/Position | Officer of Union Bank |
| Relationship | Other |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2025-12-16 |
| Transaction Code | F - Payment of tax liability by withholding securities |
| Security Type | Common Stock |
| Shares Involved | 468.25 |
| Price Per Share | $23.13 |
| Total Value | $10,829.75 |
| Shares Owned After | 11,930.09 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $10,829.75 |
| % of Market Cap | 0.011% |
| Shares Transacted | 468.25 |
| % of Shares Outstanding | 0.010% |
| Post-Transaction Ownership | 11,930.09 shares (0.26% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: For a company with a $100 million market cap, this ~$10.8k transaction is immaterial.
- Ownership Concentration: The insider's post-transaction ownership remains low at 0.26% of shares outstanding.
- Transaction Significance: The transaction is a routine disposal to cover taxes, indicated by the 'F' code, and its value is negligible compared to the company's market cap and the insider's total holdings.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The transaction is a non-discretionary sale for tax purposes and is not indicative of the insider's sentiment towards the company's future prospects. Its size is insignificant.
Volume & Sentiment
- Expected Volume Impact: None. The transaction is too small to affect trading volume.
- Sentiment Indicator: Neutral. This type of filing is common and does not typically influence market sentiment.
Additional Context
Transaction Notes
- Special Circumstances: The transaction code 'F' explicitly states this was a disposal of shares to satisfy tax withholding requirements, not an open market sale.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.