Virginia National Bankshares (VABK) director granted 1,100 restricted shares

Rhea-AI Filing Summary

Burrows Robert Lee Jr. reported acquisition or exercise transactions in this Form 4 filing.

Virginia National Bankshares Corp director Robert Lee Burrows Jr. received a grant of 1,100 shares of common stock on February 25, 2026 as a restricted stock award. The grant had no cash purchase price and is compensation-related, not an open-market purchase. The restricted shares vest in four equal annual installments beginning on February 25, 2027, spreading the benefit over several years. Following this award, Burrows directly holds a total of 1,354 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Burrows Robert Lee Jr.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,100	$0.00	--

Holdings After Transaction: Common Stock — 1,354 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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

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^*

Burrows Robert Lee Jr.

(Last) (First) (Middle)

404 PEOPLE PLACE

(Street)

CHARLOTTESVILLE VA 22911

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Virginia National Bankshares Corp [ VABK ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		A		1,100(1)	A	$0	1,354	D

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. This restricted stock grant vests in four equal annual installments beginning February 25, 2027.

	/s/ Cathy W. Liles, Attorney-in-fact	03/11/2026
	** 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 Virginia National Bankshares (VABK) report for Robert Lee Burrows Jr.?

Virginia National Bankshares reported that director Robert Lee Burrows Jr. received a grant of 1,100 shares of common stock. The award is structured as restricted stock and represents compensation, not an open-market stock purchase, increasing his total direct holdings to 1,354 shares.

Was the VABK insider transaction for Robert Lee Burrows Jr. a stock purchase or a grant?

The transaction was a grant of restricted stock, not an open-market purchase. The Form 4 lists transaction code “A” for grant, with 1,100 common shares awarded at a per-share price of $0.0000 as part of director compensation.

How does the restricted stock for VABK director Robert Lee Burrows Jr. vest?

The 1,100-share restricted stock grant vests in four equal annual installments. Vesting begins on February 25, 2027, meaning one-quarter of the shares become unrestricted each year over four years, aligning the director’s compensation with longer-term company performance.

How many Virginia National Bankshares (VABK) shares does Robert Lee Burrows Jr. hold after this Form 4 transaction?

After the grant, Robert Lee Burrows Jr. directly holds 1,354 shares of Virginia National Bankshares common stock. This total includes the newly awarded 1,100 restricted shares, which will vest over four years starting February 25, 2027.

Does Virginia National Bankshares (VABK) receive cash from this insider restricted stock grant?

No cash changes hands in this transaction. The Form 4 shows a transaction price per share of $0.0000, indicating the 1,100 shares were granted as equity compensation to director Robert Lee Burrows Jr., rather than purchased for cash in the market.