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National Bankshares (NKSH) director awarded 221-share stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Thompson James Carroll reported acquisition or exercise transactions in this Form 4 filing.

National Bankshares Inc director James Carroll Thompson received a grant of 221 shares of Common Stock as a time-based stock award. The award was granted at no cash cost per share and will vest on the one-year anniversary of the grant date. Following this compensation-related award, Thompson directly holds 9,831 shares of National Bankshares Inc common stock.

Positive

  • None.

Negative

  • None.
Insider Thompson James Carroll
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 221 $0.00 --
Holdings After Transaction: Common Stock — 9,831 shares (Direct)
Footnotes (1)
  1. [object Object]
Stock award size 221 shares Time-based Common Stock award to director on grant date
Grant price per share $0.0000 per share Reported transaction price for the stock award
Shares held after award 9,831 shares Director’s direct Common Stock holdings following the grant
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.
grant/award acquisition financial
"transaction_action: grant/award acquisition"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did National Bankshares (NKSH) report for James Carroll Thompson?
National Bankshares reported that director James Carroll Thompson received a grant of 221 shares of Common Stock. This was a time-based stock award granted at no cash cost per share, increasing his direct holdings to 9,831 shares after the transaction.

Was the National Bankshares (NKSH) insider transaction an open-market purchase or a grant?
The transaction was a grant of shares, not an open-market purchase. Director James Carroll Thompson received 221 shares as a time-based stock award, with no cash price per share, as part of his compensation rather than a discretionary buy in the market.

When will the new National Bankshares (NKSH) stock award to James Carroll Thompson vest?
The 221-share award to director James Carroll Thompson will vest on the one-year anniversary of the grant date. Vesting means he must wait that year before the award is fully earned and unrestricted under the terms of the time-based stock award.

How many National Bankshares (NKSH) shares does James Carroll Thompson hold after this Form 4 transaction?
After receiving the 221-share time-based stock award, director James Carroll Thompson directly holds 9,831 shares of National Bankshares Common Stock. This figure, disclosed in the Form 4, reflects his position immediately following the reported compensation-related acquisition.

What does a time-based stock award mean for National Bankshares (NKSH) insiders?
A time-based stock award gives insiders shares that vest after a set period rather than an immediate grant. For National Bankshares, James Carroll Thompson’s 221-share award will vest in one year, aligning director compensation with longer-term service and ongoing company performance.
SEC Form 4
FORM 4UNITED 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*
Thompson James Carroll
(Last)(First)(Middle)
PO BOX 298
(Street)
TAZEWLL VIRGINIA 24651
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NATIONAL BANKSHARES INC [ NKSH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026A221(1)A$09,831D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Grant of time-based stock award. The award will vest on the one-year anniversary.
/s/James Carroll Thompson06/11/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR