Silverman David Scott purchased $24K of UNB
Silverman David Scott purchased 1,000 shares of UNION BANKSHARES INC (UNB) at $23.76 on 2026-08-26.
How this was made
The 30-second read
Why it matters
The purchase adds 1,000 shares to the director's holdings, raising his stake to 46,864 shares, a negligible change in float.
Market read
Low relevance; the filing is a routine insider transaction with minimal market impact.
What to watch
Potential upcoming corporate actions or earnings that may have prompted the purchase.
Background
Form 4 filings disclose insider transactions; directors buying shares can be a positive signal but size matters.
Ticker impact
Director David Scott purchased 1,000 shares of Union Bankshares for $23.76 each, filing a Form 4 on 2026-08-28.
Minimal impact; price likely unchanged in short term.
The transaction amount is modest and typical for routine insider activity; no material change in ownership.
Market effects
None; insider activity does not affect banking sector broadly.
No regional impact.
Not relevant globally.
Counterpoint
Even small insider purchases can precede larger moves; monitor for subsequent filings.
Key entities
- CompanyUnion Bankshares Inc
US regional bank listed on NYSE under ticker UNB.
- IndividualDavid Scott Silverman
Director of Union Bankshares who made the purchase.