FIRST NATIONAL CORP /VA/
For the period ended May 14, 2025. Filed Apr 3, 2025.
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 14, 2025 · Filed Apr 3, 2025
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) |
|---|---|---|---|---|---|---|
| 2024 | $1,291,377 | $1,281,970 | $539,257 | $494,786 | $110.24 | $6,966 |
| 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 |
| (1) | During 2024, 2023 and 2022, 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 2024: |
| Adjustments to determine compensation “actually paid” for PEO | 2024 |
|---|---|
| Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | $(558,746) |
| Increase for fair value of awards granted during year that remained unvested at year-end | 524,978 |
| Increase for fair value of awards granted during year that vested during year | 29,220 |
| 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 | 2,013 |
| Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year | (6,873) |
| 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 | $(9,407) |
| (3) | During 2024, 2023, and 2022, 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 2024: |
| Adjustments to determine compensation “actually paid” for non-PEO NEOs | 2024 |
|---|---|
| Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | $(203,836) |
| Increase for fair value of awards granted during year that remained unvested at year-end | 172,109 |
| Increase for fair value of awards granted during year that vested during year | 15,010 |
| 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 | 517 |
| Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year | (3,836) |
| Deduction for fair value of awards granted in a prior year that were forfeited during year | (24,435) |
| 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 | $(44,471) |
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