---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-24-000057"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T22:02:54.787873+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Shareholders approve 2024 Equity Incentive Plan authorizing 250,000 new shares

## Summary
- All nine director nominees elected with at least 1.98M votes for each; 903K broker non-votes.
- Plan replaces 2014 Equity Incentive Plan; 250,000 shares authorized (including 69,135 from prior plan).
- Potential dilution of 5.53% based on 4,519,388 shares outstanding as of record date.
- Auditor Berry Dunn McNeil & Parker ratified with 3.13M votes for; plan administered by Compensation Committee.
- Plan expires in ten years; no discounted options, no repricing without shareholder consent.

## SEC filing metadata
- accession: 0000706863-24-000057
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686324000057/0000706863-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686324000057/unb-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-24-000057
- JSON: https://secwatch.observer/filing/0000706863-24-000057.json
- Plain text: https://secwatch.observer/filing/0000706863-24-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.