Covelens Courtney Lee 4

What Happened

• Courtney Covelens, EVP and Chief Retail Officer at QNB Corp (QNBC), was granted restricted stock awards on Feb 13, 2026. The grants total 1,500 shares at a reported price of $38.00 per share, with an aggregate value of approximately $57,000.
• The filing shows one grant of 750 shares and three additional 250-share awards reported as derivative awards; all entries are labeled as acquisitions (awards), not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-18 (filed within the required two business days, timely).
• Price reported: $38.00 per share for all awards.
• Shares detailed in this filing: 750 shares (direct award) + 3 × 250 shares (derivative awards) = 1,500 shares; total value ≈ $57,000.
• Footnote F1: Restricted Stock Award — the grants are restricted stock awards (typically subject to vesting and transfer restrictions).
• Shares owned after the transaction: not specified in the provided summary of the filing.

Context

• Restricted stock awards are normally subject to vesting schedules and holding restrictions, so these grants do not represent an immediate sale or market trade. They are routine compensation/retention awards and should not be interpreted as a direct buy/sell signal.
• The filing indicates awards (code A); derivative entries mean the awards are structured as restricted/derivative shares rather than an exercised option or a gift.