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

Role
President
Signature
Gary R. Mills 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, 11:13:12 UTC
Previous filing
26 May 2022
Next filing
31 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FCBC COMMON STOCK 14,587 23 May 2023 Direct F1
holding FCBC COMMON STOCK 22,614 23 May 2023 Direct F1, F2
holding FCBC COMMON STOCK 7,436 23 May 2023 By Employee Stock Ownership & Savings Plan F3
holding FCBC COMMON STOCK 15,968 23 May 2023 By 401(k) Wrap Plan F4

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 +7,394 $0.000000 7,394 23 May 2023 COMMON STOCK 7,394 Direct F5, F6
holding FCBC RESTRICTED STOCK UNITS 6,436 23 May 2023 COMMON STOCK 6,436 Direct F6, F7
holding FCBC STOCK OPTION 865 23 May 2023 COMMON STOCK 865 $24.65 Direct F8, F9
holding FCBC STOCK OPTION 3,025 23 May 2023 COMMON STOCK 3,025 $29.15 Direct F8, F9
holding FCBC STOCK OPTION 15,799 23 May 2023 COMMON STOCK 15,799 $33.00 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were transferred from individual account to joint account.
F2 Owned jointly with spouse.
F3 Shares increased due to nondiscretionary company contribution and allocation under 401(k) plan as well as a quarterly dividend reinvestment.
F4 Shares increased due to quarterly dividend reinvestment.
F5 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.
F6 The restricted stock units vest in three years.
F7 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.
F8 Stock options vest and become exercisable in seven equal annual installments beginning with the date listed.
F9 Stock options are exercisable until 5 years after retirement at or after age 62, disability or death. If employment is terminated other than by retirement at or after 62, disability or death vested options must be exercised within 90 days after the effective date of termination. Any option not exercised within such period shall be deemed cancelled.
F10 Stock options vest in three equal installments over three years beginning with 03/31/2022.