Skeens David K. 4

What Happened

• David K. Skeens, Chief Operating Officer of National Bankshares, reported receiving restricted stock units (RSUs) as awards. The filing shows acquisitions of 771 RSUs on 2026-02-11 and 265 RSUs on 2026-02-14 (total 1,036 RSUs). Each award is reported at a $0.00 acquisition price (typical for time- or performance-based equity grants rather than open-market purchases).

Key Details

• Transaction dates and amounts: 771 RSUs on 2026-02-11 and 265 RSUs on 2026-02-14, both reported as Code A (award/grant).
• Reported acquisition price: $0.00 for each grant; total reported value $0.
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: F1 notes satisfaction of the performance-based component of RSUs granted 02/14/2025 (a time-based component remains to vest). F2 states the RSU grant vests in three equal installments beginning February 11, 2027.
• Filing timeliness: Form 4 was filed 2026-02-17 covering transactions on 2/11 and 2/14; the 2/11 report appears to have been submitted after the SEC’s standard two-business-day reporting window.

Context

• These were equity awards (not purchases or sales). Awards reflect compensation or performance vesting rather than an immediate market bet; remaining time-based vesting must be satisfied before shares fully vest. Retail investors often view purchases as stronger signals than routine grants, but awards do show how executives are being compensated and when additional shares may enter their ownership.