HARVARD SCOTT C 4
Research Summary
AI-generated summary
FIRST NATIONAL (FXNC) CEO Harvard Scott Receives RSU Award
What Happened
Harvard C. Scott, President & CEO and a director of First National Corp /VA/ (FXNC), was granted 5,765 restricted stock units (RSUs) on February 11, 2026. The award is recorded at $0.00 per unit (a derivative award of contingent rights to shares) — no open-market purchase or sale occurred.
Key Details
- Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (filed within the standard two-business-day window).
- Transaction code: A (award/grant); 5,765 RSUs acquired; price reported $0.00.
- Shares owned after transaction: not disclosed in this filing.
- Derivative nature: each RSU represents a contingent right to receive one share of FXNC common stock (footnote F1).
- Vesting schedule (footnote F2): 1,922 RSUs vest on 2026-02-15, 1,921 on 2027-02-15, and 1,922 on 2028-02-15.
Context
RSUs are a form of equity compensation that convert into actual shares only upon vesting; this grant does not involve an immediate sale or open-market purchase. Such awards are commonly part of executive compensation and do not, by themselves, indicate a trading view.