Virginia National Bankshares entered into a management continuity agreement with Cathy W. Liles, its Executive Vice President and Chief Financial Officer, providing change-in-control employment and severance protections and increasing her base salary to $375,000.

Individual	Cathy W. Liles
Role	Executive Vice President and Chief Financial Officer
Type of Change	Management continuity agreement / Compensation adjustment
Effective Date	May 11, 2026
Reason	Protection in event of a change in control; continuity of employment
Replacement Info	Not disclosed
Background Details	Agreement requires continued employment for two years post-change in control with commensurate authority, responsibilities, compensation and benefits; severance equals 2x (base salary + avg. bonus for two years + certain deferrals); benefits continuation up to 18 months; 401(k) contributions paid; incentive clawback provisions.
Board/Committee Role Changes	Not disclosed

Original SEC Filing: Virginia National Bankshares Corp [ VABK ] - 8-K - May. 15, 2026

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Cathy W. Liles secures change-in-control protection at Virginia National Bankshares