QNB CORP. (QNBC) EVP awarded restricted and common stock in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Covelens Courtney Lee reported acquisition or exercise transactions in this Form 4 filing.
QNB CORP. executive Courtney Lee Covelens, EVP and Chief Retail Officer, reported equity awards on 2026-02-13. She received three performance-based restricted stock awards of 250 shares each at $38 per share, and a separate grant of 750 shares of common stock at the same price, all held directly. Additional entries list existing rights to buy common stock with updated holding balances but no share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
20 transactions reported
Mixed
20 txns
Insider
Covelens Courtney Lee
Role
EVP, Chief Retail Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based restricted stock award | 250 | $38.00 | $10K |
| Grant/Award | Performance-based restricted stock award | 250 | $38.00 | $10K |
| Grant/Award | Performance-based restricted stock award | 250 | $38.00 | $10K |
| Grant/Award | Common Stock | 750 | $38.00 | $29K |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
| holding | Common Stock(Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Performance-based restricted stock award — 250 shares (Direct);
Common Stock — 3,984.297 shares (Direct);
Common Stock(Right to Buy) — 1,000 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did QNB CORP. (QNBC) report for Courtney Lee Covelens?
QNB CORP. reported that EVP and Chief Retail Officer Courtney Lee Covelens received equity awards. On 13 February 2026 she was granted performance-based restricted stock and additional common shares as part of compensation, with all positions reported as directly owned and no sales disclosed.
What type of stock awards did QNBC executive Courtney Lee Covelens receive?
Courtney Lee Covelens received performance-based restricted stock awards and a grant of common stock. The filing lists three awards of 250 shares each of performance-based restricted stock and one grant of 750 common shares, all recorded as directly owned by the executive.
At what price were the QNBC stock awards to Courtney Lee Covelens valued?
Each equity award to Courtney Lee Covelens was valued at $38 per share. This price applies to the three 250-share performance-based restricted stock awards and the separate 750-share common stock grant reported for 13 February 2026 in the Form 4 filing.
Did the QNBC Form 4 for Courtney Lee Covelens show any stock sales?
The Form 4 for Courtney Lee Covelens showed no stock sales. All reported transactions were coded as acquisitions or holdings, including restricted stock awards and common stock grants, with the transaction summary indicating zero sell transactions and a net neutral buy-sell share balance.
How many QNBC performance-based restricted stock awards were granted to Courtney Lee Covelens?
Courtney Lee Covelens received three separate performance-based restricted stock awards. Each award covered 250 shares at $38 per share, all dated 13 February 2026, and each line shows 250 shares owned following the respective award transaction.
What do the Common Stock (Right to Buy) entries mean in the QNBC Form 4?
The Common Stock (Right to Buy) entries reflect holding records for rights to buy QNB CORP. common stock. They show updated balances such as 1,000, 700, 600 and 860 shares following transactions, without indicating new grants, purchases or sales, and are all listed as directly owned.