Director William D. Dittmar Jr. filed a Form 4 with the SEC on October 30, 2026, reporting the exercise of a stock option and acquisition of common stock in Virginia National Bankshares Corp on October 28, 2026.

Key Highlights

  • Transaction type: Dittmar exercised a 2018 non-qualified stock option (transaction code M), acquiring 3,937 shares of common stock.
  • Exercise price: The option exercise price was $42.42 per share.
  • Transaction date: The transaction occurred on October 28, 2026.
  • Resulting ownership: Following the transaction, Dittmar directly beneficially owned 226,092 shares of common stock.
  • Option vesting: According to the filing, the option vested in five equal installments on May 17 of 2019, 2020, 2021, 2022, and 2023.
  • Derivative position: Following the exercise, the number of derivative securities (the same option series) beneficially owned is reported as 0.0.

Dittmar's October 2026 Option Exercise at Virginia National Bankshares

According to the Form 4 filed with the SEC on October 30, 2026, William D. Dittmar Jr., a director of Virginia National Bankshares Corp (NASDAQ:VABK), reported the exercise of a stock option designated "Stock Option 2018-02-NQ" on October 28, 2026. The option carried a conversion or exercise price of $42.42 and covered 3,937 shares of common stock. The filing assigns transaction code M to the event, indicating an exercise or conversion of a derivative security.

The filing notes that the option originally vested in five equal installments on May 17 of each year from 2019 through 2023, with an expiration date of May 16, 2028. The derivative security price upon exercise is listed as $0.0 in Table II. Following the reported transaction, Dittmar's direct beneficial ownership of Virginia National Bankshares common stock stands at 226,092 shares, as stated in Table I of the filing. No indirect ownership positions are reported in connection with this transaction.

The Form 4 was signed by Cathy W. Liles as attorney-in-fact on October 30, 2026. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan, as the corresponding checkbox on the form is not checked.

What Was Disclosed

Director William D. Dittmar Jr. disclosed the exercise of 3,937 non-qualified stock options in Virginia National Bankshares Corp at $42.42 per share on October 28, 2026, bringing his direct beneficial ownership to 226,092 shares of common stock.