FIRST NATIONAL CORP /VA/
For the period ended May 8, 2024. Filed Mar 29, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 8, 2024 · Filed Mar 29, 2024
FXNC$30.42+0.2%Stored close · as of Nov 6, 2026
Contents
Pay versus Performance Table
| Year | Summary Compensation Table Total for PEO(1) | Compensation Actually Paid to PEO(1)(2) | Average Summary Compensation Table Total for Non-PEO NEOs(3) | Average Compensation Actually Paid to Non-PEO NEOs(3)(4) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return | Net Income (in thousands) |
|---|---|---|---|---|---|---|
| 2023 | $593,468 | $669,071 | $399,527 | $436,767 | $131.26 | $9,624 |
| 2022 | $773,917 | $807,184 | $447,615 | $465,254 | $107.54 | $16,797 |
| 2021 | $600,568 | $615,650 | $378,011 | $386,771 | $139.89 | $10,359 |
| (1) | During 2023, 2022 and 2021, Scott C. Harvard was our PEO. |
| (2) | The following table sets forth the adjustments made to arrive at compensation “actually paid” to our PEO during 2023: |
| Adjustments to determine compensation “actually paid” for PEO | 2023 |
|---|---|
| Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | $(128,042) |
| Increase for fair value of awards granted during year that remained unvested at year-end | 69,513 |
| Increase for fair value of awards granted during year that vested during year | 128,042 |
| Change in fair value from prior year-end to year-end of awards granted in a prior year that were outstanding and unvested at year-end | 5,073 |
| Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year | 1,017 |
| Deduction for fair value of awards granted in a prior year that were forfeited during year | - |
| Increase based upon incremental fair value of awards modified during year | - |
| Increase based on dividends or other earnings paid during year prior to vesting | - |
| Total Adjustments | $75,603 |
| (3) | During 2023, 2022, and 2021, our remaining NEOs consisted of Dennis A. Dysart and M. Shane Bell. |
| (4) | The following table sets forth the adjustments made to arrive at average compensation “actually paid” to our remaining NEOs during 2023: |
| Adjustments to determine compensation “actually paid” for non-PEO NEOs | 2023 |
|---|---|
| Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | $(63,723) |
| Increase for fair value of awards granted during year that remained unvested at year-end | 34,018 |
| Increase for fair value of awards granted during year that vested during year | 63,723 |
| Change in fair value from prior year-end to year-end of awards granted in a prior year that were outstanding and unvested at year-end | 2,693 |
| Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year | 529 |
| Deduction for fair value of awards granted in a prior year that were forfeited during year | - |
| Increase based upon incremental fair value of awards modified during year | - |
| Increase based on dividends or other earnings paid during year prior to vesting | - |
| Total Adjustments | $37,240 |
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