Eagle Financial (EFSI) Form 4: Officer sells 386 shares for tax withholding

Rhea-AI Filing Summary

Form 4 highlights for Eagle Financial Services Inc. (EFSI)

Executive Officer Joseph T. Zmitrovich reported two same-day transactions on 06/20/2025 under the company’s Stock Incentive Plan:

• Code D – Disposition: 142 common shares were surrendered at a stated price of $0 (typical of share cancellations related to equity-plan administration).
• Code F – Tax Withholding: 244 common shares were disposed at $36.25 per share to cover statutory tax obligations triggered by the equity award.

Following these actions, the officer’s direct beneficial ownership stands at 23,406.471 common shares, down from 23,792.471 before the filing— a decrease of approximately 1.6% of his previously held position. No derivative securities were reported.

The filing does not reference any open-market sales, option exercises, or new share acquisitions; all activity relates to routine incentive-plan settlements. No other insiders or joint filers are involved.

Investor take-away: The scale and context point to an administrative, non-market sale with minimal effect on float, insider sentiment, or near-term valuation.

Insights

Securities Analyst

TL;DR: Routine tax-related share withholding; negligible impact on EFSI valuation.

The reported 386-share reduction is immaterial versus the officer’s remaining 23.4 k-share stake and EFSI’s public float. Code F indicates shares were withheld to satisfy taxes, not an elective sale. Code D shares at $0 are customary cancellations under the incentive plan. No derivatives, no other insiders, and no indication of changing strategic outlook. From a trading perspective, the event is neutral and does not alter earnings, capital ratios, or insider ownership trends in a meaningful way.

Corporate Governance Specialist

TL;DR: Administrative filing; governance posture unchanged.

The filing demonstrates compliance with Section 16 obligations and transparent disclosure of equity-plan settlements. The officer retains a sizable stake, preserving alignment with shareholder interests. No red flags—such as large discretionary sales, option backdating, or undisclosed arrangements—are present. Consequently, the governance risk profile remains stable.

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^*

ZMITROVICH JOSEPH T

(Last) (First) (Middle)

2 E MAIN ST

(Street)

BERRYVILLE VA 22611

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $2.50 Par Value	06/20/2025		D		142(1)	D	$0	23,650.471	D
Common Stock, $2.50 Par Value	06/20/2025		F		244	D	$36.25	23,406.471	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

	Joseph T Zmitrovich	06/24/2025
	** 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.

FAQ

How many EFSI shares did Joseph T. Zmitrovich dispose of on 06/20/2025?

A total of 386 common shares were disposed of (142 Code D, 244 Code F).

At what price were the Code F shares withheld for taxes?

The 244 shares were valued at $36.25 per share for tax-withholding purposes.

How many EFSI shares does the executive still own after the transaction?

He directly owns 23,406.471 common shares following the reported transactions.

Does the Form 4 indicate any derivative securities activity?

No. Table II is empty, indicating no derivative securities were acquired or disposed of.

Is this insider activity likely to impact EFSI’s stock price?

Given the small size and administrative nature of the transaction, the impact is assessed as minimal.