Virginia R. Bayes - 13 Dec 2023 Form 3 Insider Report for Virginia National Bankshares Corp (VABK)

Role
Chief Banking Officer & EVP
Signature
/s/ Tara Y. Harrison, Attorney-in-Fact
Issuer symbol
VABK
Transactions as of
13 Dec 2023
Net transactions value
$0
Form type
3
Filing time
20 Dec 2023, 08:26:06 UTC
Previous filing
04 May 2023
Next filing
02 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VABK Common Stock 18,763 13 Dec 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VABK Employee stock option 2018-03-ISO (right to buy) 13 Dec 2023 Common Stock 5,512 $42.62 Direct F2
holding VABK Employee stock option 2020-02-ISO (right to buy) 13 Dec 2023 Common Stock 10,000 $23.75 Direct F3
holding VABK Employee stock option 2021-01-ISO (right to buy) 13 Dec 2023 Common Stock 4,400 $36.14 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,625 shares of this balance are restricted. 625 shares vest in equal installments on May 8, 2024 and May 8, 2025. 2,000 shares vest in equal installments on November 1, 2024, November 1, 2025, November 1, 2026 and November 1, 2027.
F2 The option vested in five equal annual installments beginning May 17, 2019 and is therefore fully vested.
F3 The option vests in five equal annual installments beginning September 23, 2021.
F4 The option vests in four equal annual installments beginning September 30, 2022.