Form 4: First National Corp. EVP-CFO Brad Schwartz Buys Company Stock

Brad E. Schwartz, Executive Vice President and Chief Financial Officer of First National Corp. (FXNC), acquired 1,000 shares of common stock at $20.20 per share on June 2, 2025, as part of a pre-arranged trading plan.

Summary

• Brad E. Schwartz, the Executive Vice President and Chief Financial Officer of FIRST NATIONAL CORP /VA/ (FXNC), reported a transaction on June 2, 2025.
• Mr. Schwartz acquired 1,000 shares of the company's Common Stock, $1.25 par value.
• The acquisition price per share was $20.20.
• Following this transaction, Mr. Schwartz beneficially owns a total of 3,000 shares of common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase of equity securities.

Sentiment

Score: 7

Explanation: The purchase of company stock by a key executive generally indicates confidence in the company's valuation and future prospects, contributing to a positive sentiment, though it's a single transaction.

Positives

• The purchase of company stock by a key executive (EVP CFO) often signals confidence in the company's current valuation and future prospects.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned investment strategy rather than a reactive decision, which can suggest a long-term view.

Industry Context

This insider transaction by a key executive of First National Corp., a financial institution, is a routine disclosure for publicly traded companies. While specific to FXNC, insider buying can be a general indicator of management's confidence, a common occurrence across the banking and financial services sector.

Related Party Transactions

• The Executive Vice President and Chief Financial Officer, Brad E. Schwartz, acquired 1,000 shares of the company's common stock at $20.20 per share.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal of management's belief in the company's value and future performance, potentially influencing investor sentiment.

Key Dates

Recommendation

Keywords

FIRST NATIONAL CORP, FXNC, Insider Trading, Form 4, Stock Purchase, Executive Compensation, Brad E. Schwartz, 10b5-1 Plan, Financial Services, Banking