CARTER KEVIN T 4
4 · Virginia National Bankshares Corp · Filed Apr 5, 2021
Insider Transaction Report
Form 4
CARTER KEVIN T
Director
Transactions
- Award
Common Stock
2021-04-01+4,234→ 4,234 total - Award
Common Stock
2021-04-01+926→ 5,160 total
Footnotes (2)
- [F1]Received in exchange for 6,275.729 shares of Fauquier Bankshares, Inc. ("Fauquier") common stock in connection with the merger of Fauquier with and into Virginia National Bankshares Corporation ("Virginia National") effective April 1, 2021 (the "Merger"). At the effect time of the Merger at 12:01 a.m. on April 1, 2021 (the "Effective Time"), each outstanding share of common stock of Fauquier converted into the right to receive 0.675 shares of Virginia National common stock. On March 31, 2021, the last trading day before the Effective Time, the closing price of the common stock of Fauquier was $21.28 per share and the closing price of the common stock of Virginia National was $30.35 per share. All fractional share holdings were paid in cash.
- [F2]This restricted stock grant vests in four equal annual installments beginning April 1, 2022.