Schwartz Brad E 4

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.