Johnson Kevin L 4

What Happened
Kevin L. Johnson, a director of QNB CORP (QNBC), was issued 19,905 shares on April 1, 2026. The Form 4 shows the shares were acquired at $0.00 per share (total reported cash value $0), indicating these were issued as merger consideration rather than a purchase or sale.

Key Details

• Transaction date: 2026-04-01; Transaction type/code: Award/Grant/Other Acquisition (A).
• Price: $0.00 per share; Shares acquired: 19,905; Reported cash value: $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Shares were acquired during the QNB Bank - Victory merger.
• Filing date: 2026-04-16 — the Form 4 was filed 15 days after the transaction date, which is later than the typical 2-business-day deadline for Form 4s.

Context
Receiving shares in a merger is a common, transaction-driven way insiders receive stock; the $0.00 price here reflects issuance or conversion tied to the merger, not an open-market purchase. Such merger-related issuances are administrative and do not by themselves indicate an insider’s buying or selling intent.