No material trading signal; the agreement is standard for a CFO at a community bank. Monitor for any change-in-control rumors, but as a standalone filing, it is not market-moving.
Price Chart
Executive Summary
Virginia National Bankshares Corp entered into a change-in-control agreement with CFO Cathy W. Liles and increased her base salary to $375,000. The agreement provides 2x severance upon qualifying termination within 6 months before or 2 years after a change in control. This is a routine retention measure for a key officer with no material financial impact.
Key Facts
- CFO Cathy W. Liles entered into a Management Continuity Agreement effective May 11, 2026
- Severance: 2x base salary plus average bonus plus 401(k) contributions upon qualifying termination post-change-in-control
- Annual base salary increased to $375,000
- Agreement includes clawback provisions for incentive compensation
Financial Impact
No immediate financial impact; severance obligations contingent on a change in control
Risk Factors
- No material risks identified from this filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-225478 |
| Document: 0001193125-26-225478-index-headers.html | 0001193125-26-225478 |
| Document: 0001193125-26-225478-index.html | 0001193125-26-225478 |
| Document: 0001193125-26-225478.txt | 0001193125-26-225478 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 8-K | $49.13 | awaiting T+60 | — | $49.68 (+1.12%) |
Jul 23, 2026 13w ago | Press Release | $44.87 $49.37 | ▲ +10.03% | ▲ +6.74% | $49.68 (+10.72%) |
May 15, 2026 23w ago | 8-K | $41.45 $47.06 | ▲ +13.53% | ▲ +9.02% | $49.68 (+19.86%) |
Apr 30, 2026 25w ago | DEFA14A | $42.20 $45.94 | ▲ +8.86% | ▲ +5.75% | $49.68 (+17.73%) |
Apr 23, 2026 26w ago | 8-K | $41.43 $45.87 | ▲ +10.72% | ▲ +5.70% | $49.68 (+19.91%) |
US Market Status
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