First National Corp (FXNC) awards 5,000 restricted stock units

Rhea-AI Filing Summary

Report: Brad E. Schwartz, an officer (EVP - CFO) and director of FIRST NATIONAL CORP /VA/ (FXNC), was granted 5,000 restricted stock units (RSUs) on 08/13/2025. Each RSU represents a contingent right to receive one share of FXNC common stock and the award shows a $0 price, indicating a compensation grant rather than a purchase.

Vesting and ownership: The RSUs vest in one installment with 5,000 units scheduled to vest on 12/31/2027. Following the reported transaction, the filing shows 5,000 shares beneficially owned directly by the reporting person in the form of these RSUs.

Insights

Securities Analyst

TL;DR: A 5,000-RSU compensation grant to the company CFO; appears routine and not immediately material.

The filing documents a grant of 5,000 restricted stock units to Brad E. Schwartz, serving as EVP - CFO and director of FIRST NATIONAL CORP (FXNC), awarded on 08/13/2025 and vesting in one installment on 12/31/2027. Each RSU equals a contingent right to one share. The report lists a $0 price and shows 5,000 shares beneficially owned following the grant. From a market-impact perspective, the absolute size of the award is stated but materiality relative to outstanding shares is not provided in the filing.

Corporate Governance / Compensation Specialist

TL;DR: Executive equity award consistent with compensation practice; vesting schedule and direct ownership are clearly disclosed.

The Form 4 discloses a grant of 5,000 RSUs to an insider who is both an officer and a director. The instrument is defined in the filing as a contingent right to one share per unit, vesting once on 12/31/2027. The filing reports the ownership form as Direct (D) for the 5,000 units. The disclosure meets standard transparency for executive equity grants; the filing does not provide additional context such as percentage of outstanding shares or grant rationale.

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

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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^*

Schwartz Brad E

(Last) (First) (Middle)

112 W KING ST

(Street)

STRASBURG VA 22657

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST NATIONAL CORP /VA/ [ FXNC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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

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
Restricted Stock Units	(1)	08/13/2025		A		5,000		(2)	(2)	Common Stock	5,000	$0	5,000	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of FXNC common stock.

2. The restricted stock units vest in one installment, with 5,000 vesting on 12/31/2027.

	/s/ Christopher L Sugg, by Power of Attorney	08/14/2025
	** 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

What did Brad E. Schwartz receive according to the Form 4 for FXNC?

The Form 4 shows a grant of 5,000 restricted stock units (RSUs) to Brad E. Schwartz.

When was the RSU grant dated and when do the RSUs vest (FXNC)?

The RSUs were granted on 08/13/2025 and vest in one installment on 12/31/2027.

How many shares will the RSUs convert into and what price was reported (FXNC)?

Each RSU represents a contingent right to one share; the filing shows 5,000 underlying shares and a reported price of $0.

What is Brad E. Schwartz's role at FIRST NATIONAL CORP (FXNC) per the filing?

The filing identifies Brad E. Schwartz as an officer with the title EVP - CFO and as a Director.

How is the beneficial ownership reported after the transaction for FXNC?

Following the reported transaction, the filing shows 5,000 shares beneficially owned in the form of RSUs with ownership form listed as Direct (D).