Schwartz Brad E 4
4 · FIRST NATIONAL CORP /VA/ · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
First National (FXNC) CFO Brad E. Schwartz Receives 2,183 RSUs
What Happened
- Brad E. Schwartz, EVP and Chief Financial Officer of First National Corp (FXNC), was awarded 2,183 restricted stock units (RSUs) on 2026-02-11. The award is recorded at $0.00 per unit (no cash purchase) and is a derivative grant — a contingent right to receive common shares if vesting conditions are met.
Key Details
- Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely filing).
- Award: 2,183 RSUs granted at $0.00 (derivative award).
- Vesting: 3 equal installments — 728 RSUs vest on Feb 15, 2026; 728 RSUs on Feb 15, 2027; 727 RSUs on Feb 15, 2028.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 clarifies each RSU equals a contingent right to one share of FXNC common stock; F2 lists the vesting schedule above.
- Filing timeliness: Report appears filed within the usual 2‑business‑day Form 4 window.
Context
- This was an equity award (grant), not an open‑market purchase or sale; RSUs convert to actual shares only as they vest and any tax withholding occurs. Such awards compensate executives and do not necessarily indicate immediate buying or selling intent.
Insider Transaction Report
Form 4
Schwartz Brad E
EVP - CFO
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-02-11+2,183→ 7,183 total→ Common Stock (2,183 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 installments with one installment, with 728 units vesting on February 15, 2026, 728 units vesting on February 15, 2027, and 727 units vesting on February 15, 2028.
Signature
/s/ Christopher Suggs by Power of Attorney|2026-02-13