Burrows Robert Lee Jr. 4

What Happened
Robert Lee Burrows Jr., a director of Virginia National Bankshares Corp. (VABK), was granted 1,100 restricted shares on February 25, 2026. The Form 4 reports the acquisition at $0 per share (code A), reflecting a compensation award rather than an open-market purchase or sale. The grant vests in four equal annual installments beginning February 25, 2027.

Key Details

• Transaction date and price: 2026-02-25, 1,100 shares acquired at $0.00 (grant, code A).
• Vesting: Footnote F1 — vests in four equal annual installments beginning 2027-02-25.
• Shares owned after transaction: Not reported in the provided filing.
• Filing date / timeliness: Form 4 filed 2026-03-11 — this is beyond the typical 2-business-day filing window and appears late.
• Nature of transaction: Restricted stock award (compensation), not an immediate purchase or sale.

Context
Restricted stock grants are a common form of executive/director compensation and typically vest over time, aligning recipients’ interests with long-term performance. The $0 acquisition price on the Form 4 reflects the mechanics of the grant; actual economic value depends on VABK’s market price and the vesting schedule. This type of filing does not by itself indicate a buy or sell signal — retail investors may want to check total insider holdings, recent company filings, and stock price action for broader context.