Dittmar William D Jr. 4
Research Summary
AI-generated summary
Virginia National (VABK) Director William D. Dittmar Jr. Receives Award
What Happened
William D. Dittmar Jr., a director of Virginia National Bankshares Corp (VABK), received a grant of 1,836 restricted shares on 2026-01-30. The Form 4 shows an acquisition at $0.00 per share (transaction code A — award/grant), meaning the shares were granted rather than purchased; the filing reports $0 as the transaction value (market value at grant not provided).
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-03 (filed within required reporting window).
- Shares granted/acquired: 1,836; reported acquisition price: $0.00 (grant).
- Shares owned after transaction: not specified in the supplied filing data.
- Transaction code: A (award/grant).
- Footnote: Vesting occurs in four equal annual installments beginning January 30, 2027 (per footnote F1).
- No 10b5-1 plan, tax-withholding, or sale noted in the provided information.
Context
Restricted stock grants to directors are common as compensation and align interests with shareholders; they vest over time and do not necessarily indicate immediate buying/selling sentiment. Because the Form 4 records the grant price as $0, the filing does not state the market value of the shares at grant.