David D. Brown - 23 May 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)
Issuer symbol
FCBC
Transactions as of
23 May 2023
Net transactions value
$0
Form type
4
Filing time
25 May 2023, 10:21:07 UTC
Previous filing
03 Apr 2023
Next filing
29 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FCBC COMMON STOCK 3,668 23 May 2023 By Employee Stock Ownership & Savings Plan F1
holding FCBC COMMON STOCK 16,043 23 May 2023 Direct
holding FCBC COMMON STOCK 1,550 23 May 2023 IRA
holding FCBC COMMON STOCK 6,458 23 May 2023 By 401K Wrap

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 +3,132 $0.000000 3,132 23 May 2023 COMMON STOCK 3,132 Direct F2, F3
holding FCBC RESTRICTED STOCK UNITS 2,727 23 May 2023 COMMON STOCK 2,727 Direct F3, F4
holding FCBC STOCK OPTION 7,455 23 May 2023 COMMON STOCK 7,455 $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 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.