Matuszak Michael E 4

What Happened

• Michael E. Matuszak, Chief Operating Officer of Farmers National Banc Corp (FMNB), received stock awards and had shares withheld for taxes. On 2026-02-20, 8,100 performance shares vested at $13.60/share (value $110,160). On the same date, 4,163 shares were surrendered/ disposed to cover tax withholding at $13.60/share (value $56,617). On 2026-02-24 he was granted 3,379 restricted shares (reported at $0).

Key Details

• Transactions and values:
  • 2026-02-20: Award (vesting) — 8,100 shares @ $13.60 = $110,160 (F1: vested performance shares tied to ROE)
  • 2026-02-20: Tax withholding — 4,163 shares @ $13.60 = $56,617 (Form code F)
  • 2026-02-24: Grant — 3,379 restricted shares @ $0 = $0 (F2: restricted stock; restrictions lapse on 3rd anniversary)
• Net immediate shares retained from the vesting: 8,100 − 4,163 = 3,937 shares (plus the separate 3,379 restricted shares granted on 2/24, which remain subject to restrictions).
• Shares owned after the transactions: not specified in the provided filing details.
• Filing timeliness: Reported on 2026-02-24 for transactions dated 2026-02-20 — filed within the standard two business days (timely).

Context

• The 8,100-share item was a performance award vesting (not an open‑market purchase), and the 4,163-share disposition was a tax-withholding event (routine). The 3,379-share entry is a grant of restricted stock that will vest in the future if conditions are met (per F2). Awards and withholdings are compensation-related and do not necessarily indicate buying or selling sentiment by the insider.