Farmers National Banc (FMNB) director granted 1,606 restricted shares in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KABACK NEIL J reported acquisition or exercise transactions in this Form 4 filing.
Farmers National Banc Corp director Neil J. Kaback received a grant of 1,606 shares of restricted stock. The award was recorded at a price of $0.00 per share as compensation rather than an open-market purchase.
Following this grant, Kaback directly holds 32,902 shares of the company’s stock. The restrictions on this restricted stock award lapse on the date of the 2027 Annual Meeting of Shareholders, meaning full ownership rights are delayed until that meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KABACK NEIL J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Farmers National Banc Corp | 1,606 | $0.00 | -- |
Holdings After Transaction:
Farmers National Banc Corp — 32,902 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock granted: 1,606 shares
Price per granted share: $0.00 per share
Shares held after transaction: 32,902 shares
+1 more
4 metrics
Restricted stock granted
1,606 shares
Grant/award acquisition on 2026-05-08
Price per granted share
$0.00 per share
Compensation grant, not open-market purchase
Shares held after transaction
32,902 shares
Total direct holdings following grant
Vesting event
2027 Annual Meeting
Restrictions lapse on meeting date
Key Terms
restricted stock, grant, award, or other acquisition, Annual Meeting of Shareholders, Form 4
4 terms
restricted stock financial
"Award represents a grant of restricted stock which restrictions lapse on the date of the 2027 Annual Meeting"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Neil J. Kaback report in this FMNB Form 4 filing?
Neil J. Kaback reported receiving a grant of 1,606 shares of restricted stock in Farmers National Banc Corp. The award was a compensation grant at $0.00 per share, not an open-market purchase, and increases his direct share ownership.
When do the restrictions lapse on Neil J. Kaback’s FMNB restricted stock award?
The restrictions on Neil J. Kaback’s 1,606-share restricted stock award lapse on the date of the 2027 Annual Meeting of Shareholders. Until that date, the shares are subject to vesting conditions typical for director compensation grants.
Was Neil J. Kaback’s FMNB transaction an open-market buy or a compensation grant?
Neil J. Kaback’s reported transaction was a compensation grant, not an open-market buy. The Form 4 shows code “A” for grant or award, with 1,606 restricted shares at $0.00 per share, reflecting equity-based director compensation.