---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-26-000012"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:55:35.810536+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares names Jeffery Weidley as next President and CEO; Silverman to retire July 2026

## Summary
- Weidley to join as President on May 4, 2026; will become CEO after Silverman's retirement on July 3, 2026.
- Silverman, 65, to retire after 39 years; will remain on board and stand for re-election at 2026 annual meeting.
- Weidley, 42, previously EVP-Chief Deposit Officer at MVB Bank; also held senior roles at Sandy Spring Bank.
- Employment Agreement: $500k base salary, sign-on of 3,000 RSUs (3-yr vesting), $25k relocation, and split-dollar life insurance $700k.
- Change of Control Agreement provides 200% base salary plus bonus severance; no tax gross-up.

## SEC filing metadata
- accession: 0000706863-26-000012
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686326000012/0000706863-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686326000012/unb-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-26-000012
- JSON: https://secwatch.observer/filing/0000706863-26-000012.json
- Plain text: https://secwatch.observer/filing/0000706863-26-000012.txt

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