Cattie Christopher T 4

What Happened
Christopher T. Cattie, Chief Operating Officer of QNB CORP (QNBC), received restricted stock awards on February 13, 2026 totaling 1,500 shares. The awards were reported at $38.00 per share: one grant of 750 shares ($28,500) and three derivative-designated grants of 250 shares each (3 × $9,500 = $28,500), for a combined reported value of $57,000. This was an award/grant (A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-13; Form filed: 2026-02-18 (filed five days after the transaction; exceeds the typical 2-business-day reporting window).
• Price reported: $38.00 per share.
• Shares issued: 750 (direct) + 3 × 250 (derivative-designated) = 1,500 total.
• Total reported value: $57,000.
• Footnote: F1 — Restricted Stock Award.
• Shares owned after the transaction: not provided in the excerpt of the filing.

Context
These entries are awards of restricted stock (compensation), which are routinely granted to executives and typically vest over time; they are not immediate open-market purchases (which some investors view as stronger bullish signals). The three entries marked as derivative indicate the awards are derivative-designated restricted shares (e.g., restricted stock units or similar structures that convert to common shares on vesting). Note that the Form 4 was filed five days after the transaction date, which appears later than the usual two-business-day reporting requirement.