C. William Davis - Nov 26, 2021 Form 4 Insider Report for FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)

Role
Director
Signature
C. William Davis by: Sarah W. Harmon (His Attorney-in-Fact)
Stock symbol
FCBC
Transactions as of
Nov 26, 2021
Transactions value $
$0
Form type
4
Date filed
11/30/2021, 03:18 PM
Previous filing
Jul 13, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCBC COMMON STOCK Disposed to Issuer -944 -9.72% 8.76K Nov 26, 2021 Direct F1, F2
holding FCBC COMMON STOCK 3.18K Nov 26, 2021 IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FCBC STOCK OPTION Award +3.96K 3.96K Nov 26, 2021 COMMON STOCK 3.96K $33.00 Direct F1, F4
holding FCBC PHANTOM STOCK 4.73K Nov 26, 2021 COMMON STOCK 4.73K By FCB Director Deferred Compensation Plan F3
holding FCBC STOCK OPTION 4.91K Nov 26, 2021 COMMON STOCK 4.91K $12.07 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 26, 2021, the reporting person exchanged each of his unvested restricted stock awards for an equivalent 4.1931 unvested stock options per one restricted share, each with an exercise price equal to $33.00. These stock options will vest over a period of three years.
F2 Shares also increased due to quarterly dividend reinvestment.
F3 Each share of phantom stock is the economic of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director.
F4 Stock options vest in three equal installments over three years beginning with 03/31/2022.
F5 The options are subject to cliff vesting three years from the date of grant or at the retirement of the director, whichever comes first.