Fitzwater Norman V III 4

What Happened
Norman V. Fitzwater III, a director of National Bankshares, Inc. (NKSH), was granted 221 shares on 2026-06-10 as a time-based stock award. The Form 4 reports the acquisition price as $0.00 (total reported value $0), indicating an award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-10; filing date (Form 4): 2026-06-11 (filed promptly).
• Transaction type/code: A — Award/Grant; 221 shares acquired at $0.00.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: The award is time‑based and will vest on the one‑year anniversary (Footnote F1).
• No indication of a 10b5‑1 plan, tax withholding at grant, or late filing in the provided data.

Context
This was a compensation grant, not a market purchase or sale. Such awards are commonly used to compensate and retain executives or directors and vest over time; they do not necessarily reflect immediate trading sentiment. Any tax withholding or conversion to net shares would typically occur at vesting or in accord with company policy.