Form 4: First National Corp Director Smith Gerald F JR Reports Changes in Beneficial Ownership

Director Smith Gerald F JR reports changes in beneficial ownership of First National Corp shares due to trust transactions.

Summary

• On December 16, 2024, Director Smith Gerald F JR reported changes in beneficial ownership of First National Corp shares.
• 6,186 shares of common stock were exchanged between reporting trusts at a price of $24.86 per share.
• The reporting person serves as trustee or co-trustee for several trusts holding First National Corp stock.
• These trusts include The Smith 2012 GST Trust, Kaye DeHaven Smith Revocable Trust, G.F. Smith Jr. GST Trust, G.F. Smith Jr. Revocable Trust, The Smith 2012 Spousal Trust, and Kaye DeHaven Smith Irrevocable Trust FBO Elise D. Smith (Daughter).
• Following the reported transactions, the Kaye DeHaven Smith Revocable Trust holds 72,370 shares.
• G.F. Smith Jr. GST Trust holds 245,124 shares.
• G.F. Smith Jr. Revocable Trust holds 15,046 shares.
• The Smith 2012 Spousal Trust holds 17,724 shares.
• Kaye DeHaven Smith Irrevocable Trust FBO Elise D. Smith (Daughter) holds 900 shares.
• The Smith 2012 GST Trust holds 12,372 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings of company directors and officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Comparable companies would also have similar filings when their directors or officers make transactions in the company's stock.
• The level of detail provided in this filing is consistent with industry norms for disclosing beneficial ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that insider transactions are being monitored and disclosed as required by regulations.

Key Dates