Union Bankshares (UNB) Proxy filing summary

Executive summary

• The annual meeting is scheduled for May 20, 2026, with shareholders voting on the election of ten directors and ratification of the external auditor for 2026.

• Proxy materials are available online, with options for voting by phone, internet, or mail; shareholders holding shares through brokers must provide specific instructions for their votes to count.

• Jeffrey Weidley will become President in May 2026 and is nominated for the Board, succeeding retiring CEO David Silverman, who will become Board Chair.

Voting matters and shareholder proposals

• Shareholders will vote to fix the number of directors at ten and elect ten nominees for one-year terms.

• Ratification of BDMP Assurance, LLP as the external auditor for 2026 is on the agenda.

• Shareholders may submit nominations or proposals for future meetings, subject to advance notice and specific bylaw requirements.

Board of directors and corporate governance

• The Board will expand to ten members, including three new nominees; all but two directors are independent under Nasdaq rules.

• The Board has Audit, Compensation, and Nominating & Corporate Governance Committees, each with defined charters and independent membership.

• A Lead Independent Director will be appointed due to the incoming Chair's non-independent status.

• Directors are expected to attend annual meetings and are encouraged to maintain high ethical standards.