NATIONAL BANKSHARES (NKSH) director receives 221-share stock award
Rhea-AI Filing Summary
Reynolds Glenn P reported acquisition or exercise transactions in this Form 4 filing.
NATIONAL BANKSHARES INC director Glenn P. Reynolds reported a stock award and updated holdings. He received a grant of 221 shares of Common Stock at a price of $0.00 per share as a compensation-related award. According to the footnote, this time-based stock award will vest on the one-year anniversary of the grant date.
Following this award, Reynolds directly holds 7,165 shares of Common Stock. The filing also reports an indirect holding of 3,033 shares held by his spouse, reflecting family-related ownership in the company’s stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Reynolds Glenn P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 221 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,165 shares (Direct);
Common Stock — 3,033 shares (Indirect, by Spouse)
Footnotes (1)
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Key Figures
Stock award size: 221 shares
Award price per share: $0.00 per share
Direct holdings after grant: 7,165 shares
+1 more
4 metrics
Stock award size
221 shares
Grant of Common Stock to director Glenn P. Reynolds
Award price per share
$0.00 per share
Compensation-related stock grant, not an open-market trade
Direct holdings after grant
7,165 shares
Common Stock directly held by Glenn P. Reynolds after transaction
Indirect spouse holdings
3,033 shares
Common Stock held indirectly by spouse of Glenn P. Reynolds
Key Terms
Grant, award, or other acquisition, time-based stock award, vest, Common Stock
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
time-based stock award financial
"Grant of time-based stock award. The award will vest on the one-year anniversary."
vest financial
"The award will vest on the one-year anniversary."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
