Virginia National Bankshares announces share repurchase plan of up to $18.7 million
VABK•Virginia National Bankshares authorized repurchases of up to $18.7 million of common stock through Oct. 5, 2027.
1. Repurchase authorization
The program allows purchases in open-market trades or privately negotiated transactions, with timing tied to market conditions and corporate needs. Open-market purchases are expected to follow Rule 10b-18 parameters, and the company may use Rule 10b5-1 plans.
2. Program terms
The authorization has no minimum repurchase requirement. Management may extend, modify, suspend or end the program at any time.
