QNB Corp. (NASDAQ: QNBC) director gets 19,905 merger shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QNB CORP. director Kevin L. Johnson reported acquiring 19,905 shares of common stock. The shares were granted at a stated price of $0.0000 per share, reflecting an award rather than a market purchase, and were received in connection with the QNB Bank - Victory merger.
After this transaction, Johnson directly holds 19,905 common shares, indicating this award represents his full reported direct ownership in the company following the merger-related grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Kevin L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,905 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,905 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired: 19,905 shares
Grant price per share: $0.0000 per share
Shares owned after transaction: 19,905 shares
3 metrics
Shares acquired
19,905 shares
Common Stock grant on 2026-04-01
Grant price per share
$0.0000 per share
Award valuation in Form 4
Shares owned after transaction
19,905 shares
Total direct holdings following grant
Key Terms
Form 4, Common Stock, Grant, award, or other acquisition, QNB Bank - Victory Merger
4 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
QNB Bank - Victory Merger financial
"Shares acquired during QNB Bank - Victory Merger"
FAQ
What insider transaction did QNBC director Kevin L. Johnson report?
Kevin L. Johnson reported receiving 19,905 QNB CORP. common shares. The shares were granted as an award, not bought on the market, and were tied to the QNB Bank - Victory merger, according to the Form 4 filing and its footnote disclosure.
Was the QNBC insider transaction an open-market buy or a grant?
The QNB CORP. Form 4 shows a grant or award acquisition, not an open-market buy. The transaction code is “A” with a price of $0.0000 per share, indicating the shares were awarded in connection with the QNB Bank - Victory merger.
What does the QNB Bank - Victory merger footnote mean for this QNBC Form 4?
The footnote explains the 19,905 QNB CORP. shares were acquired during the QNB Bank - Victory merger. This indicates the director’s new holdings arise from merger-related consideration or award, rather than a discretionary market purchase of existing shares.
Is the QNBC Form 4 transaction classified as a buy or an acquisition?
The Form 4 classifies the event as an acquisition through grant or award, not a market buy. It uses transaction code “A” and describes it as a grant, award, or other acquisition, consistent with merger-related share issuance to the reporting director.