Dye Michael E 4

What Happened
Michael E. Dye, a director of National Bankshares, was granted 221 shares on 2026-06-10 as an award (transaction code A). The filing lists an acquisition price of $0.00 (total $0), indicating these shares were issued as compensation rather than purchased.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (timely filing).
• Security: Common stock; Shares granted: 221; Acquisition price reported: $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: This is a time-based stock award that will vest on the one-year anniversary (per footnote).
• Transaction type/code: A = grant/award (compensatory issuance), not an open-market purchase or sale.

Context
Time-based director awards are common compensation and do not by themselves signal a buy or sell decision by the insider; they typically vest after a service period and may be forfeited if conditions aren't met. Retail investors often view outright purchases as a stronger bullish signal than routine grants, though grants can align director incentives with shareholder interests.