QNB Corp (QNBC) CEO David W. Freeman Receives Restricted Stock Awards

What Happened David W. Freeman, President and Chief Executive Officer of QNB Corp. (QNBC), was granted a total of 1,500 restricted shares on February 13, 2026. The awards consist of a 750-share restricted stock grant and three 250-share restricted/derivative awards, all reported at $38.00 per share. The combined value of the grants at grant price is $57,000 (750 shares = $28,500; three 250-share awards = $9,500 each, totaling $28,500).

Key Details

• Transaction date: 2026-02-13; reported on Form 4 filed 2026-02-19 (filed 6 days after the transaction; later than the typical 2-business-day Form 4 deadline).
• Price: $38.00 per share for all reported awards.
• Shares granted: 750 shares (direct restricted stock) + 3 × 250 shares (reported as derivative restricted awards) = 1,500 shares total.
• Reported value: ~$57,000 total at grant date price.
• Footnote: F1 — Restricted Stock Awards.
• Shares owned after transaction: Not disclosed in this filing.

Context These grants are compensation awards (restricted stock) rather than open-market purchases. Restricted awards typically vest over time or subject to conditions and are common executive pay; they do not necessarily indicate a personal cash purchase. The filing was submitted several days after the grant date, which is later than the usual 2-business-day reporting requirement for Form 4s.