How are Robert W. Smalley Jr.’s indirect EFSI share holdings reported?

Indirect holdings are reported as 1,639 shares of EAGLE FINANCIAL SERVICES INC common stock held by his spouse. The Form 4 identifies this as indirect ownership “BY SPOUSE” and notes that the position includes shares acquired through the company’s Dividend Investment Plan.

EAGLE FINANCIAL (NASDAQ: EFSI) director returns 761 shares under stock plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

EAGLE FINANCIAL SERVICES INC director Robert W. Smalley Jr. disposed of 761 shares of common stock back to the company. The disposition was recorded at $0.00 per share and is described as occurring under the company’s Stock Incentive Plan, indicating a compensation-related return of shares rather than an open-market sale.

After this transaction, Smalley directly holds 24,379.064 shares of common stock. In addition, 1,639 shares are reported as indirectly owned through his spouse. The filing also notes that his holdings include shares accumulated through the company’s Dividend Investment Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SMALLEY ROBERT W JR

Role null

Type	Security	Shares	Price	Value
Disposition	Common Stock, $2.50 Par Value	761	$0.00	--
holding	Common Stock, $2.50 Par Value	--	--	--

Holdings After Transaction: Common Stock, $2.50 Par Value — 24,379.064 shares (Direct, null); Common Stock, $2.50 Par Value — 1,639 shares (Indirect, BY SPOUSE)

Footnotes (1)

This transaction reflects disposition of shares under the Company's Stock Incentive Plan. Includes shares of common stock which have been acquired through the Company's Dividend Investment Plan.

Key Figures

Shares disposed to issuer: 761 shares Price per share on disposition: $0.00 per share Direct holdings after transaction: 24,379.064 shares +2 more

5 metrics

Shares disposed to issuer 761 shares Disposition to issuer on 2026-05-19 under Stock Incentive Plan

Price per share on disposition $0.00 per share Return of shares to company under Stock Incentive Plan

Direct holdings after transaction 24,379.064 shares Common stock held directly after 2026-05-19 disposition

Indirect holdings by spouse 1,639 shares Common stock held indirectly BY SPOUSE as of filing

Dispose transaction count 1 transaction Single disposition to issuer reported in Form 4

Key Terms

Disposition to issuer, Stock Incentive Plan, Dividend Investment Plan, indirect ownership

4 terms

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

Stock Incentive Plan financial

"This transaction reflects disposition of shares under the Company's Stock Incentive Plan."

A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.

Dividend Investment Plan financial

"Includes shares of common stock which have been acquired through the Company's Dividend Investment Plan."

indirect ownership financial

""direct_or_indirect": "I", "nature_of_ownership": "BY SPOUSE""

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Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMALLEY ROBERT W JR

(Last)

(First)

(Middle)

2 E MAIN ST

(Street)

BERRYVILLE

VIRGINIA

22611

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EAGLE FINANCIAL SERVICES INC [ EFSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $2.50 Par Value	05/19/2026		D		761⁽¹⁾	D	$0	24,379.064⁽²⁾	D
Common Stock, $2.50 Par Value								1,639	I	BY SPOUSE

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction reflects disposition of shares under the Company's Stock Incentive Plan.

2. Includes shares of common stock which have been acquired through the Company's Dividend Investment Plan.

	Robert W Smalley Jr	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EFSI director Robert W. Smalley Jr. report?

Robert W. Smalley Jr. reported a disposition of 761 shares of EAGLE FINANCIAL SERVICES INC common stock. The shares were returned to the company at $0.00 per share under its Stock Incentive Plan, reflecting a compensation-related adjustment rather than an open-market sale.

How many EFSI shares does Robert W. Smalley Jr. own after this Form 4?

After the reported transaction, Robert W. Smalley Jr. directly owns 24,379.064 EAGLE FINANCIAL SERVICES INC common shares. The filing also shows 1,639 shares held indirectly through his spouse, with some shares accumulated via the company’s Dividend Investment Plan over time.

Was the EFSI insider transaction an open-market sale of shares?

The transaction was not an open-market sale. It is coded as a disposition to the issuer, with 761 shares returned to EAGLE FINANCIAL SERVICES INC at $0.00 per share under its Stock Incentive Plan, indicating a compensation-related share adjustment rather than a market trade.

What does disposition to issuer mean in the EFSI Form 4 filing?

Disposition to issuer means shares were returned directly to the company instead of being sold on the market. In this case, 761 EAGLE FINANCIAL SERVICES INC shares were disposed at $0.00 under the Stock Incentive Plan, typically reflecting plan-related share surrender or cancellation.