Virginia National Bankshares Corp: authorizes $18,700,000 share repurchase plan

What happened Virginia National Bankshares Corp filed an 8-K reporting that the share repurchase plan authorizes the Company to repurchase up to $18,700,000 of the Company's common stock, par value $2.50 per share, through Oct 5, 2027. The filing is dated Oct 8, 2026 and is signed by Cathy W. Liles, Executive Vice President and Chief Financial Officer.

Key details

• Authorization: up to $18,700,000 of common stock, par value $2.50 per share, through Oct 5, 2027; filing dated Oct 8, 2026, signed by Cathy W. Liles.
• Repurchase methods: open market, privately negotiated transactions or otherwise; timing and amounts depend on market conditions and corporate needs.
• Open market repurchases are expected to be structured to occur within the pricing and volume requirements of Rule 10b-18.
• The Company may enter Rule 10b5-1 plans to facilitate repurchases; the plan does not obligate the Company to acquire any particular amount and may be extended, modified, suspended or discontinued at any time.

Why it may matter This Item 8.01 filing reports other events and covers the company's authorization of a share repurchase plan through Oct 5, 2027 for up to $18,700,000. This filing does not show why the insider traded or why the company acted.