Union Bankshares (UNB) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 21, 2025, at Vermont State University - Johnson Campus, with voting available online or in person.

• Shareholders are encouraged to review proxy materials and annual report before voting.

Voting matters and shareholder proposals

• Election of nine directors, with all terms expiring at the next annual meeting.

• Advisory vote to approve executive compensation as disclosed in SEC filings.

• Advisory vote on the frequency of future Say-on-Pay votes, with the board recommending every three years.

• Ratification of Berry Dunn McNeil & Parker, LLC as external auditors for 2025.

• Board recommends voting in favor of all proposals.

Board of directors and corporate governance

• Board size set at nine directors, with nominees listed for election.

• All director terms set to expire at the next annual meeting.