FMNB director receives 1,606-share stock award
Varischetti Nicholas D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Varischetti Nicholas D reported acquisition or exercise transactions in this Form 4 filing.
Farmers National Banc Corp director Nicholas D. Varischetti reported a new equity award. He received a grant of 1,606 shares of restricted stock at no cost, increasing his direct holdings to 3,384 shares. A separate indirect holding of 228,751 shares is reported through the Nicholas D. Varischetti 2011 Irrevocable Trust.
The restrictions on the newly granted restricted stock lapse on the date of the company’s 2027 Annual Meeting of Shareholders, meaning full ownership vests at that time if conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,606 shares
Grant/Award
2 txns
Insider
Varischetti Nicholas D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Farmers National Banc Corp | 1,606 | $0.00 | $0.00 |
| holding | Farmers National Banc Corp | -- | -- | -- |
Holdings After Transaction:
Farmers National Banc Corp — 3,384 shares (Direct);
Farmers National Banc Corp — 228,751 shares (Indirect, By Nicholas D. Varischetti 2011 Irrevocable Trust)
Footnotes (1)
- F1. Award represents a grant of restricted stock which restrictions lapse on the date of the 2027 Annual Meeting of Shareholders of the Company.
Key Figures
Restricted stock grant: 1,606 shares
Grant price: $0.00 per share
Direct holdings after grant: 3,384 shares
+1 more
4 metrics
Restricted stock grant
1,606 shares
Award of restricted stock to director on 2026-05-08
Grant price
$0.00 per share
Price for restricted stock award
Direct holdings after grant
3,384 shares
Total direct FMNB shares held by Varischetti after transaction
Indirect trust holdings
228,751 shares
Shares held by Nicholas D. Varischetti 2011 Irrevocable Trust
Key Terms
restricted stock, Annual Meeting of Shareholders, indirect ownership, Grant, award, or other acquisition
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.
indirect ownership financial
"ownership_type": "indirect",
"ownership_code": "I""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Nicholas D. Varischetti report for FMNB?
Nicholas D. Varischetti reported receiving a grant of restricted stock in Farmers National Banc Corp. The Form 4 shows an award of 1,606 shares at no cost, increasing his direct ownership while also disclosing a significant indirect holding through a 2011 irrevocable trust.
When do the restrictions on Nicholas D. Varischetti’s FMNB restricted stock lapse?
The restrictions on his newly granted FMNB restricted stock lapse on the date of the company’s 2027 Annual Meeting of Shareholders. At that time, assuming applicable conditions are satisfied, the restricted shares become fully vested and no longer subject to forfeiture restrictions.
What are Nicholas D. Varischetti’s total direct FMNB holdings after this grant?
Following the restricted stock grant, his direct holdings total 3,384 shares of Farmers National Banc Corp. The Form 4 separately reports an indirect position of 228,751 shares held by the Nicholas D. Varischetti 2011 Irrevocable Trust, which is distinct from his directly owned shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
