DENARDO F BRAD 4

What Happened

• Denardo F Brad, a director of National Bankshares, Inc. (NKSH), was granted 221 shares on 2026-06-10. The Form 4 reports the acquisition as an award (transaction code A) at a reported price of $0.00 (total $0). According to the filing footnote, this is a time-based stock award that will vest on the one-year anniversary.

Key Details

• Transaction date: 2026-06-10; reported price: $0.00 per share; shares granted: 221.
• Vesting: Award is time-based and will vest one year after grant (per footnote F1).
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Filing timeliness: Report filed 2026-06-11 for a 2026-06-10 transaction — timely (Form 4 deadlines were met).
• Transaction code: A (grant/award).

Context

• Time-based awards are typically part of director compensation and are often subject to vesting and transfer restrictions until they vest; they are not the same as an open‑market purchase. The $0.00 reporting reflects grant terms, not market value. Such grants are compensation-related and do not by themselves indicate an immediate buy/sell signal.