DAVID S. SILVERMAN - Corporate Board Profile

UNION BANKSHARES INC

Filing Date	Source Excerpt
2011-04-15	David Silverman was selected last fall as successor to CEO Kenneth Gibbons. ... David serves on the Bank's Pension and 401K Committees.
2012-04-13	David Silverman was selected in the fall of 2010 as successor to CEO Kenneth Gibbons. ... David serves on the Bank's Trust, Pension and 401K Committees and will join all three of Union's local Advisory Boards in May 2012.
2013-04-12	David Silverman is President and CEO since May 16, 2012. He serves on the Bank's Trust, Pension and 401K Committees. 2012 Summary Compensation Table shows total compensation of $299,667.
2014-04-15	Mr. Silverman, who is a full-time employee of Union, served as a Director of the Company and of Union. Mr. Silverman received fees for serving as a Company director but was not separately compensated for his service on Union’s Board, Union’s advisory boards or on any of Union’s committees. All director fees paid to Mr. Silverman during 2013 for his service on the Company’s Board are disclosed in the Summary Compensation Table and footnotes contained elsewhere in this proxy statement under the caption “EXECUTIVE COMPENSATION - 2013 Summary Compensation Table.”
2015-04-07	David Silverman became President of the Company and the Bank on April 1, 2011 and CEO of both in May 2012. David was appointed to the Bank's Board of Directors in November 2010 and elected to the Company's Board at the 2011 annual meeting. David has been with the Bank for 28 years and before becoming President, served in many capacities, including Vice President of the Company and Senior Vice President and Senior Loan Officer of the Bank. David has been active in the community having served as a trustee of the Hardwick Electric Department, on the Boards of the Stowe Area Association, Lamoille County Health Services, Community Health Services of Lamoille Valley, and as a member of the Morristown Development Review Board. He is a currently serving on the Board of Copley Hospital, as chairman of the Vermont Bankers Association, and as President of Lamoille Economic Development Corporation. David serves on the Bank's Trust, Pension and 401K Committees and all three of Union's local Advisory Boards. David's many years of service to the Company in various positions, and his day to day leadership since becoming CEO in 2012 provide the Board with the benefit of his thorough knowledge of the Company's business operations, markets and strategic challenges and opportunities.
2016-04-07	David Silverman became President of the Company and the Bank on April 1, 2011 and CEO of both in May 2012. David was appointed to the Bank's Board of Directors in November 2010 and elected to the Company's Board at the 2011 annual meeting. David has been with the Bank for 29 years and before becoming President, served in many capacities, including as Vice President of the Company and Senior Vice President and Senior Loan Officer of the Bank. David has been active in the community having served as a trustee of the Hardwick Electric Department, on the Boards of the Stowe Area Association, Lamoille County Mental Health Services, Community Health Services of the Lamoille Valley, and as a member of the Morristown Development Review Board. He is a currently serving on the Board of Copley Hospital, as a member of the executive committee of the Vermont Bankers Association, and as President of the Lamoille Economic Development Corporation. David serves on the Bank's Trust, Pension and 401K Committees and all three of Union's local Advisory Boards. David's many years of service to the Company in various positions, and his day to day leadership since becoming CEO in 2012 provide the Board with the benefit of his thorough knowledge of the Company's business operations, markets and strategic challenges and opportunities.
2017-04-10	David Silverman became President of the Company and the Bank on April 1, 2011 and CEO of both in May 2012. David serves on the Bank's Trust, Pension and 401K Committees and all three of Union's local Advisory Boards. The annual retainer paid to Mr. Silverman during 2016 for his service on the Company’s Board is disclosed in the Summary Compensation Table and footnotes contained elsewhere in this proxy statement. 2016 Summary Compensation Table: David S. Silverman total compensation $516,681.
2018-04-09	During 2017, Mr. Silverman, who is a full-time employee of Union, served as a Director of the Company and of Union. He received an annual retainer of $9,900 for serving as a Company director but was not separately compensated for attendance at Company Board meetings, nor did he receive any compensation for his service on Union’s Board, Union’s advisory boards or on any of Union’s committees. The annual retainer paid to Mr. Silverman during 2017 for his service on the Company’s Board is disclosed in the 2017 Summary Compensation Table and footnotes contained elsewhere in this proxy statement under the caption “EXECUTIVE COMPENSATION - 2017 Summary Compensation Table.” The following table lists the annual compensation paid to or earned during 2017 by the Company’s nonemployee directors for service on the Boards of the Company and Union, and by Ms. Putnam for her service on the Union Board: 2017 Director Compensation Table... Mr. Silverman received an annual retainer of $9,900 for serving as a Company director but was not separately compensated for attendance at Company Board meetings, nor did he receive any compensation for his service on Union’s Board, Union’s advisory boards or on any of Union’s committees. The annual retainer paid to Mr. Silverman during 2017 for his service on the Company’s Board is disclosed in the 2017 Summary Compensation Table and footnotes contained elsewhere in this proxy statement under the caption “EXECUTIVE COMPENSATION - 2017 Summary Compensation Table.”
2019-04-09	David Silverman, 58 President and Chief Executive Officer Union Bankshares, Inc. and Union Bank Serves on the Bank's Asset Management and 401K Committees Annual retainer of $10,250 for serving as a Company director Director fees disclosed in 2018 Summary Compensation Table Total compensation for 2018: $542,323 (including salary and other compensation). Director fees included in this total.
2020-04-13	David S. Silverman $386,000 Salary, $96,533 Stock Awards, $86,792 Non-Equity Incentive Plan Compensation, $39,423 All Other Compensation, Total $608,748
2021-04-12	David Silverman became President and CEO in 2011... Director fees earned by President and CEO David Silverman during 2020 for service on the Company's Board are disclosed in the 2020 Summary Compensation Table... 2020 Summary Compensation Table: David S. Silverman total compensation $734,074.
2022-04-12	David Silverman is President and CEO and a Director of the Company and Union. Director fees earned by President and CEO David Silverman during 2021 for service on the Company's Board are disclosed in the 2021 Summary Compensation Table. Mr. Silverman did not earn fees for serving on the Board of Union Bank or its Advisory Boards.
2023-04-06	David Silverman is President and CEO and a Director. He does not receive committee fees or equity awards for Board service, but receives an annual retainer cash for Company Board service. 2022 Summary Compensation Table shows total compensation of $789,013 for executive role; Director fees include $11,650 annual retainer.
2024-04-02	David has been with the Bank for 37 years and before becoming President, served in many capacities... David's many years of service to the Company in various positions, and his day to day leadership since becoming CEO in 2012 provide the Board with the benefit of his thorough knowledge of the Company's business operations.