David D. Brown - Mar 31, 2023 Form 4 Insider Report for FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)

Role
Chief Financial Officer
Signature
David D. Brown by: Sarah W. Harmon (His Attorney-in-Fact)
Stock symbol
FCBC
Transactions as of
Mar 31, 2023
Transactions value $
-$6,517
Form type
4
Date filed
4/3/2023, 03:01 PM
Previous filing
Feb 7, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCBC COMMON STOCK Tax liability -$6.52K -258 -1.58% $25.26 16K Mar 31, 2023 Direct
holding FCBC COMMON STOCK 3.67K Mar 31, 2023 By Employee Stock Ownership & Savings Plan F1
holding FCBC COMMON STOCK 1.55K Mar 31, 2023 IRA
holding FCBC COMMON STOCK 6.46K Mar 31, 2023 By 401K Wrap F2

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
holding FCBC RESTRICTED STOCK UNITS 2.73K Mar 31, 2023 COMMON STOCK 2.73K Direct F3, F4
holding FCBC STOCK OPTION 7.46K Mar 31, 2023 COMMON STOCK 7.46K $33.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were acquired due to nondiscretionary company contribution and allocation under 401(k) plan as well as quarterly dividend reinvestment.
F2 Shares increased due to quarterly dividend reinvestment.
F3 Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units cliff vest on May 24, 2025 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for years ending December 31, 2022, 2023 and 2024 and the continued employment of the reporting person.
F4 The restricted stock units vest in three years.
F5 Stock options vest in three equal installments over three years beginning with 03/31/2022.