Schwartz Brad E 4

What Happened

• Brad E. Schwartz, Executive Vice President and Chief Financial Officer of First National Corp (FXNC), was granted 728 shares on 2026-02-15 (reported acquisition price $0.00).
• To cover tax withholding related to the award, 258 shares were disposed on 2026-02-15 at $28.21 per share, generating proceeds of $7,278 (reported as code F — tax withholding).

Key Details

• Transaction dates: 2026-02-15 (award and withholding sale). Filing date: 2026-02-17 (appears timely within the normal two-business-day window).
• Award: 728 shares acquired (A) at reported price $0.00.
• Tax withholding: 258 shares disposed (F) at $28.21 each; total proceeds reported $7,278.
• Shares owned after transaction: not disclosed in the transaction details provided here—see the full Form 4 for the insider’s post-transaction holdings.
• Footnotes/labels: "A" = award/grant; "F" = payment of exercise price or tax liability (shares withheld/sold for taxes).

Context

• This was primarily an equity award to the CFO, with a portion of shares withheld/sold to satisfy tax obligations — a routine, administrative transaction rather than an open-market sale. Such withholding transactions are common after grants and don't necessarily indicate the insider's market view.