DYSART DENNIS A 4
4 · FIRST NATIONAL CORP /VA/ · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
First National (FXNC) Senior EVP/COO Dennis Dysart Receives RSU Award
What Happened
Dennis A. Dysart, Senior EVP and Chief Operating Officer of First National Corp /VA/ (FXNC), was granted 2,474 restricted stock units (RSUs) on 2026-02-11. The Form 4 reports the acquisition price as $0.00 (award/derivative), so no cash was paid at grant; the filing shows $0 total purchase value. Each RSU represents a contingent right to receive one share of FXNC common stock upon vesting.
Key Details
- Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely filing).
- Transaction type/code: A — Award/Grant; 2,474 RSUs @ $0.00 (derivative security).
- Vesting: RSUs vest in three equal annual installments — 825 units on 2026-02-15, 825 on 2027-02-15, and 824 on 2028-02-15 (footnotes).
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
- No tax-withholding or sale-on-vesting details noted in this filing.
Context
RSU grants are a form of compensation that convert into shares only as they vest; they are not an open-market purchase or sale. Such awards increase potential future share issuance to the insider on vesting dates but do not reflect an immediate cash investment or disposition by the insider.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-11+2,474→ 13,747 total→ Common Stock (2,474 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of FXNC common stock.
- [F2]The restricted stock units vest in three equal annual installments with 825 units vesting on February 15, 2026, 825 units vesting on February 15, 2027, and 824 units vesting on February 15, 2028.