First National (FXNC) Director Norman Wagstaff Receives 1,113-Share Award

What Happened
Norman D. Wagstaff Jr., a director of First National Corp (FXNC), was granted 1,113 shares on 2026-08-12 as an award/compensation. The shares were acquired at $0.00 per share (award), so there was no cash purchase price reported.

Key Details

• Transaction date: 2026-08-12 (reported on Form 4 filed 2026-08-13).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 1,113 shares at $0.00 per share (no cash paid). Total acquisition value reported as $0.
• Shares owned after transaction: Not specified in the information provided in the filing summary.
• Footnotes/tax withholding: None disclosed in the summary provided.
• Filing timeliness: Form 4 was filed the day after the transaction date; no late filing flag is indicated in the available data.

Context
An award at $0.00 usually represents compensation (e.g., restricted stock, RSUs, or similar) rather than an open-market purchase or sale. Such grants are part of executive/director pay and may be subject to vesting or other restrictions, so they do not necessarily reflect an immediate market stake or a bullish market bet. Retail investors should view this as insider compensation disclosure, not a cash purchase by the insider.