Major Joseph W 4

What Happened
Joseph W. Major, a director of QNB Corp (QNBC), was granted two awards on April 1, 2026 totaling 37,777 shares — 35,027 shares and 2,750 shares — acquired at $0.00 per share (total value $0). The Form 4 reports acquisition code "A" (award/grant) and includes a footnote indicating these shares were issued as part of the QNB Bank - Victory merger. This is an award/acquisition rather than a market purchase or sale.

Key Details

• Transaction date: 2026-04-01
• Grants: 35,027 shares @ $0.00 and 2,750 shares @ $0.00 — total 37,777 shares; total reported value $0.00
• Transaction code: A (award/grant)
• Footnote F1: Shares acquired during QNB Bank - Victory Merger
• Filing: Form 4 filed 2026-04-16 for a 2026-04-01 transaction — appears to have been filed 15 days after the transaction date (noted as later than the typical 2-business-day reporting window)
• Shares owned after transaction: Not specified in the provided excerpt

Context
Awards issued in a merger commonly reflect conversion of prior holdings or merger consideration rather than an insider purchasing additional shares on the open market. Because the shares were granted at $0.00, this is not an indication of a cash purchase or immediate sale. For retail investors: merger-related awards provide information about deal mechanics and insider holdings but are generally less indicative of near-term insider market sentiment than open-market purchases or sales.