other material
confidence high
sentiment positive
materiality 0.50
Virginia National Bankshares authorizes $18.7M share repurchase plan through October 5, 2027
Virginia National Bankshares Corp
- Board authorization announced October 6, 2026 permits repurchases of up to $18.7 million of common stock, par value $2.50 per share, through October 5, 2027.
- Repurchases may be made in the open market, in privately negotiated transactions or otherwise, structured to meet Rule 10b-18 pricing and volume requirements.
- Company may enter into Rule 10b5-1 plans from time to time to facilitate buybacks under the authorization.
- Plan obligates no particular amount of stock and may be extended, modified, suspended or discontinued at any time at the company's discretion.
- 8-K signed October 8, 2026 by Executive Vice President and CFO Cathy W. Liles.