Form 4: QNB Corp. COO Exercises Options, Sells Shares
Insider Transaction Report
QNB Corp.'s EVP Chief Operating Officer, Christopher T. Cattie, exercised stock options and subsequently sold a portion of the acquired shares for tax purposes.
Summary
- Christopher T. Cattie, EVP Chief Operating Officer of QNB CORP. (QNBC), reported transactions involving the company's common stock.
- On February 12, 2026, Mr. Cattie acquired 3,375 shares of Common Stock through the exercise of stock options at a price of $32.5 per share.
- Concurrently, on February 12, 2026, Mr. Cattie disposed of 2,933 shares of Common Stock at a price of $37.63 per share, likely for tax withholding purposes related to the option exercise.
- Following these transactions, Mr. Cattie beneficially owns 4,102.0165 shares of QNB CORP. Common Stock directly.
- The derivative security (Right to Buy Common Stock) for 3,375 shares at $32.5, which was exercisable from February 15, 2024, and expired on February 15, 2026, is now fully exercised and no longer beneficially owned.
- Mr. Cattie continues to hold various other 'Right to Buy' Common Stock options with exercise prices ranging from $23.4 to $37.26, and expiration dates extending up to February 14, 2035.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a moderately positive event, reflecting an executive realizing value from their compensation while maintaining a significant stake in the company. The sale for tax purposes is a standard practice.
Positives
- The exercise of stock options by a key executive indicates the realization of value from their compensation package.
- The executive continues to hold a significant number of common shares (4,102.0165) and numerous unexercised stock options, aligning their interests with shareholders.
Negatives
- A portion of the acquired shares (2,933 shares) was sold, which, while common for tax purposes, reduces the executive's direct ownership stake.
Future Outlook
This filing is a report of past insider transactions and does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that insider transactions, such as option exercises and subsequent share sales for tax purposes, are routine events in executive compensation. While not indicative of a major strategic shift, they provide transparency into executive holdings and compensation realization within the financial services industry.
Stakeholder Impact
- Shareholders: The transaction provides transparency into executive compensation and ownership, which can influence investor confidence. The executive's continued holding of shares aligns interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date exercisable for some Common Stock (Right to Buy) options. |
| 02/12/2026 | Transaction date for the acquisition and disposition of Common Stock. |
| 02/13/2026 | Signature date of the reporting person. |
| 02/14/2026 | Date exercisable for some Common Stock (Right to Buy) options. |
| 02/15/2026 | Expiration date for some Common Stock (Right to Buy) options. |
| 02/14/2027 | Date exercisable for some Common Stock (Right to Buy) options. |
| 02/15/2027 | Expiration date for some Common Stock (Right to Buy) options. |
| 02/14/2028 | Date exercisable for some Common Stock (Right to Buy) options. |
| 02/15/2028 | Date exercisable for some Common Stock (Right to Buy) options. |
| 02/14/2029 | Date exercisable for some Common Stock (Right to Buy) options. |
| 02/15/2029 | Date exercisable for some Common Stock (Right to Buy) options. |
| 02/14/2030 | Date exercisable for some Common Stock (Right to Buy) options. |
| 02/15/2033 | Expiration date for some Common Stock (Right to Buy) options. |
| 02/15/2034 | Expiration date for some Common Stock (Right to Buy) options. |
| 02/14/2035 | Expiration date for some Common Stock (Right to Buy) options. |
Keywords
QNBC, QNB CORP., Insider Transaction, Form 4, Stock Options, Executive Compensation, Beneficial Ownership, Common Stock
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