Form 4: First National Corp Director James R. Wilkins III Acquires Additional Shares

James R. Wilkins III, a director at First National Corp /VA/ [FXNC], has acquired 1,000 shares of common stock through indirect holdings.

Summary

• On June 4, 2024, James R. Wilkins III, a director of First National Corp /VA/ [FXNC], purchased 1,000 shares of common stock at a price of $15.5 per share.
• The shares were acquired indirectly through JRWIV Holdings, LLC (500 shares) and GSW Holdings, LLC (500 shares).
• Following the transaction, Wilkins III beneficially owns 8,862 shares indirectly through JRWIV Holdings, LLC and 10,723 shares indirectly through GSW Holdings, LLC.
• Wilkins III also owns an additional 287,543 direct shares and 121,684 indirect shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but the quantity is not large enough to be overwhelmingly positive.

Positives

• Director's purchase may signal confidence in the company's future prospects.

Industry Context

Directors' stock purchases are often seen as a positive sign, indicating confidence in the company's performance and future.

Stakeholder Impact

• The stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates