National Bankshares (NKSH) EVP reports new RSU-based stock awards

Rhea-AI Filing Summary

National Bankshares executive Paul M. Mylum, EVP/Chief Lending Officer, reported equity awards of company stock. On February 11, 2026, he acquired 906 shares of common stock at $0 as part of a restricted stock unit grant. On February 14, 2026, he received an additional 309 shares at $0 upon satisfaction of a performance-based component of RSUs originally granted on February 14, 2025.

The RSUs also include a time-based vesting component that must be met for full vesting, in three equal installments beginning February 11, 2027. Following these transactions, Mylum directly holds 1,215 shares and indirectly has 2,147 shares through an ESOP.

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^*

Mylum Paul M.

(Last) (First) (Middle)

8537 WHISTLING STRAIGHTS DRIVE

(Street)

RADFORD VA 24141

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NATIONAL BANKSHARES INC [ NKSH ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP/Chief Lending Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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
Common Stock	02/14/2026		A		309(1)	A	$0	309	D
Common Stock	02/11/2026		A		906(2)	A	$0	1,215	D
Common Stock								2,147	I	ESOP

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

Explanation of Responses:

1. Reports satisfaction of performance-based component of restricted stock units (RSUs) granted on 02/14/2025. The RSUs also have a time-based component that must be satisfied to fully vest.

2. The restricted stock unit grant vests in three equal installments beginning February 11, 2027.

	/s/ Paul M. Mylum	02/17/2026
	** 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 insider transaction did NKSH EVP Paul M. Mylum report?

Paul M. Mylum reported equity awards of National Bankshares common stock, not open-market purchases or sales. He acquired 906 shares on February 11, 2026 and 309 shares on February 14, 2026, both at $0 per share as part of restricted stock unit arrangements.

How many NKSH shares did Paul M. Mylum acquire in this Form 4?

He acquired 1,215 National Bankshares common shares in total. The filing shows 906 shares granted on February 11, 2026 and 309 shares credited on February 14, 2026, both at $0 per share as awards rather than market purchases.

What is the vesting schedule for Paul M. Mylum’s NKSH restricted stock units?

The restricted stock unit grant vests over time starting in 2027. The filing states it vests in three equal installments beginning February 11, 2027, meaning remaining units will be earned gradually, subject to continued service and the time-based vesting conditions.

What does the performance-based RSU component mean for NKSH’s Paul M. Mylum?

The performance-based component reflects shares earned after meeting specified performance goals. The filing explains that 309 shares relate to satisfying that performance-based portion of RSUs granted February 14, 2025, while a separate time-based component must still be satisfied to fully vest the award.

How many NKSH shares does Paul M. Mylum own after these transactions?

After the reported awards, he directly owns 1,215 National Bankshares common shares. The Form 4 also shows 2,147 additional shares held indirectly through an ESOP, indicating both personal and plan-based beneficial ownership positions associated with his role at the company.

Were any of Paul M. Mylum’s NKSH transactions open-market buys or sells?

No, the reported NKSH transactions are classified as grants or awards, not market trades. The Form 4 uses transaction code “A” for both entries, indicating acquisitions through equity compensation, each at a price of $0 per share rather than purchases on an exchange.