Jason R. Belcher - May 23, 2023 Form 4 Insider Report for FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)

Role
SVP-Chief Admin Officer
Signature
Jason R. Belcher by: Sarah W. Harmon (His Attorney-in-Fact)
Stock symbol
FCBC
Transactions as of
May 23, 2023
Transactions value $
$0
Form type
4
Date filed
5/25/2023, 09:56 AM
Previous filing
May 26, 2022
Next filing
May 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FCBC COMMON STOCK 14.3K May 23, 2023 Direct
holding FCBC COMMON STOCK 3.68K May 23, 2023 By Employee Stock Ownership & Savings Plan F1

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 RESTRICTED STOCK UNITS Award $0 +3.13K $0.00 3.13K May 23, 2023 COMMON STOCK 3.13K Direct F2, F3
holding FCBC RESTRICTED STOCK UNITS 2.73K May 23, 2023 COMMON STOCK 2.73K Direct F3, F4
holding FCBC STOCK OPTION 7.38K May 23, 2023 COMMON STOCK 7.38K $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 increased due to nondiscretionary company contribution and allocation under 401(k) plan as well as a quarterly dividend reinvestment.
F2 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 23, 2026 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for years ending December 31, 2023, 2024 and 2025 and the continued employment of the reporting person.
F3 The restricted stock units vest in three years.
F4 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.
F5 Stock options vest in three equal installments over three years beginning with 03/31/2022.