NKSH director receives 221-share stock award
DENARDO F BRAD reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
DENARDO F BRAD reported acquisition or exercise transactions in this Form 4 filing.
NATIONAL BANKSHARES INC director F. Brad Denardo reported a stock award and updated holdings. He received a grant of 221 shares of Common Stock as a time-based stock award, at no cash cost, which will vest on the one-year anniversary of the grant date.
Following this grant, he holds 18,657 Common Stock shares directly and 20,045 shares indirectly through an ESOP. This filing reflects a compensation-related award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 221 shares
Grant/Award
2 txns
Insider
DENARDO F BRAD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 221 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,657 shares (Direct);
Common Stock — 20,045 shares (Indirect, ESOP)
Footnotes (1)
- F1. Grant of time-based stock award. The award will vest on the one-year anniversary.
Key Figures
Stock award size: 221 shares
Direct holdings after grant: 18,657 shares
Indirect ESOP holdings: 20,045 shares
+1 more
4 metrics
Stock award size
221 shares
Time-based Common Stock award, grants at $0.0000 per share
Direct holdings after grant
18,657 shares
Common Stock, direct ownership following 221-share award
Indirect ESOP holdings
20,045 shares
Common Stock held indirectly through ESOP as of transaction date
Award vesting period
One year
Time-based stock award vests on one-year anniversary
Key Terms
time-based stock award, ESOP, Grant, award, or other acquisition
3 terms
time-based stock award financial
"Grant of time-based stock award. The award will vest on the one-year anniversary."
ESOP financial
"total_shares_following_transaction: 20045.0000, direct_or_indirect: I, nature_of_ownership: ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NKSH director F. Brad Denardo report in this Form 4?
He reported receiving a grant of 221 shares of NATIONAL BANKSHARES INC Common Stock as a time-based stock award. The shares were issued at no cash cost and represent equity-based compensation rather than an open-market stock purchase or sale.
What is the vesting schedule for the new NKSH stock award?
The 221-share stock award is time-based and will vest on the one-year anniversary of the grant date. Until vesting, the award remains subject to service-based conditions, as described in the footnote stating it is a grant of a time-based stock award.
Does this NKSH Form 4 show any stock sales by F. Brad Denardo?
No stock sales are reported in this Form 4. The filing shows a compensation-related acquisition of 221 shares and an indirect ESOP holding entry, with no transactions coded as open-market sales or other dispositions of NATIONAL BANKSHARES INC shares.
What indirect NKSH holdings does F. Brad Denardo report through the ESOP?
He reports 20,045 shares of NATIONAL BANKSHARES INC Common Stock held indirectly through an ESOP. This amount appears as total shares following a holding entry classified as indirect ownership, providing additional context to his overall share exposure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
