Frostick Randolph D 4
4 · Virginia National Bankshares Corp · Filed Apr 5, 2021
Insider Transaction Report
Form 4
Frostick Randolph D
Director
Transactions
- Award
Common Stock
2021-04-01+6,151→ 6,151 total - Award
Common Stock
2021-04-01+926→ 7,077 total
Footnotes (2)
- [F1]Received in exchange for 9,115 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 option vests in four equal annual installments beginning April 1, 2022.