Virginia National Bankshares enters CFO continuity agreement, raises salary to $375K

Virginia National Bankshares Corp

Cathy W. Liles, EVP and CFO, entered a management continuity agreement on May 11, 2026.
On change-in-control, she receives 2x base salary plus average bonus and benefits for 18 months.
Annual base salary increased to $375,000, subject to annual adjustment.
Severance reduced to avoid Section 4999 golden parachute excise taxes.
Clawback provisions apply to incentive compensation as required by law.

item 5.02item 9.01

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