---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-021327"
form_type: "8-K/A"
ticker: null
cik: "0000740971"
company_name: "OLD POINT FINANCIAL CORP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:54:27.931104+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Old Point Financial accelerates vesting of 1,029 shares for departing COO Ralston

## Summary
- Susan R. Ralston resigned as COO/EVP of bank subsidiary effective April 19, 2024; not due to any disagreement.
- Compensation committee accelerated vesting of 1,029 restricted shares that would have vested on May 3, 2024.
- Equity acceleration was consideration for Ralston's contributions and dedicated service to the company.

## SEC filing metadata
- accession: 0001140361-24-021327
- form_type: 8-K/A
- cik: 0000740971
- company_name: OLD POINT FINANCIAL CORP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740971/000114036124021327/0001140361-24-021327-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740971/000114036124021327/ef20027322_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-021327
- JSON: https://secwatch.observer/filing/0001140361-24-021327.json
- Plain text: https://secwatch.observer/filing/0001140361-24-021327.txt

## Key facts
- Executive change
  Susan R. Ralston resigned as Chief Operating Officer and Executive Vice President at OLD POINT FINANCIAL CORP.
  - Action: resigned
  - Role: Chief Operating Officer and Executive Vice President
  source text: As previously reported, on March 21, 2024, Susan R. Ralston notified the Company of her decision to resign as Chief Operating Officer and Executive Vice President of the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/740971/000114036124021327/0001140361-24-021327-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.