BALL LAWRENCE J 4

What Happened

• Lawrence J. Ball, a director of National Bankshares, Inc. (NKSH), received a grant of 221 shares on 2026-06-10. The shares were reported as acquired at $0 (no cash paid).
• This was a time‑based stock award rather than an open‑market purchase or sale. The filing shows the award will vest on the one‑year anniversary.

Key Details

• Transaction date: 2026-06-10; Filing date (Form 4): 2026-06-11 (filed the next day).
• Price per share: $0.00; Total reported value at grant: $0 (reflects a grant/acquisition, not a cash purchase).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: F1 — “Grant of time‑based stock award. The award will vest on the one‑year anniversary.”
• Timeliness: Filing appears timely (filed within one business day of the transaction).

Context

• Director grants are a common form of compensation intended to align board members with shareholder interests; vesting schedules (here, one year) are used to retain service.
• A grant recorded at $0 simply indicates the shares were awarded, not purchased; it does not necessarily signal the insider’s view of the stock’s near‑term prospects.