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FIRST NATIONAL CORP /VA/

For the period ended May 13, 2026. Filed Apr 2, 2026.

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About 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 13, 2026 · Filed Apr 2, 2026

FXNC$30.42+0.2%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Pay versus Performance Table

YearSummary 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 ReturnNet Income(5)
2025$923,316$986,498$465,200$491,756$147.34$17,703,000
2024$1,291,377$1,281,970$539,257$494,786$134.33$6,966,000
2023$593,468$669,071$399,527$436,767$126.97$9,624,000
(1)During 2025, 2024 and 2023, Scott C. Harvard was our PEO.
(2)The following table sets forth the adjustments made to arrive at compensation “actually paid” to our PEO during 2025:
Adjustments to determine compensation “actually paid” for PEO2025
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table$(137,755)
Increase for fair value of awards granted during year that remained unvested at year-end88,794
Increase for fair value of awards granted during year that vested during year45,936
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-end40,613
Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year25,594
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$63,182
(3)During 2025, our remaining NEOs consisted of Dennis A. Dysart and Brad E. Schwartz. During 2024 and 2023, our remaining NEOs consisted of Dennis A. Dysart and M. Shane Bell.
(4)The following table sets forth the adjustments made to arrive at average compensation “actually paid” to our remaining NEOs during 2025:
Adjustments to determine compensation “actually paid” for non-PEO NEOs2025
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table$(87,002)
Increase for fair value of awards granted during year that remained unvested at year-end83,013
Increase for fair value of awards granted during year that vested during year10,310
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-end12,570
Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year7,665
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$26,556

(5) Net income was negatively impacted by merger expenses in 2024 and 2025.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.