Form 4: Virginia National Bankshares Corp Director Kevin T. Carter Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Kevin T. Carter reports acquisition of 1,248 shares of Virginia National Bankshares Corp common stock through a restricted stock grant.
Summary
- On February 26, 2025, Kevin T. Carter, a director of Virginia National Bankshares Corp, acquired 1,248 shares of common stock through a restricted stock grant.
- The grant vests in four equal annual installments starting February 26, 2026.
- The reporting person directly owns 13,186.57 shares of common stock following the reported transaction.
- This amount includes 177.94 shares acquired through dividend reinvestment since the most recent Section 16 filing.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a director acquiring shares, which can be seen as a slightly positive sign but doesn't provide strong evidence for a bullish or bearish outlook.
Positives
- The director's acquisition of shares may signal confidence in the company's future prospects.
Future Outlook
The restricted stock grant vests in four equal annual installments beginning February 26, 2026.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions in company stock. This filing indicates a director's acquisition of shares, which is a common occurrence.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: acquisition of 1,248 shares of common stock. |
| 02/26/2026 | First vesting date for the restricted stock grant. |
| 02/28/2025 | Date of signature for the report. |
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