C. William Davis - 23 May 2023 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)
Issuer symbol
FCBC
Transactions as of
23 May 2023
Net transactions value
$0
Form type
4
Filing time
25 May 2023, 17:15:31 UTC
Previous filing
27 Dec 2022
Next filing
23 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCBC COMMON STOCK Options Exercise +1,105 +7.8% 15,201 24 May 2023 Direct F1, F2
transaction FCBC COMMON STOCK Disposed to Issuer -1,105 -7.3% 14,096 24 May 2023 Direct F1, F3
holding FCBC COMMON STOCK 3,176 23 May 2023 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 RESTRICTED STOCK UNITS Award $0 +1,233 $0.000000 1,233 23 May 2023 COMMON STOCK 1,233 Direct F4
transaction FCBC RESTRICTED STOCK UNITS Options Exercise $0 -1,105 -100% $0.000000* 0 24 May 2023 COMMON STOCK 1,105 Direct F1
holding FCBC PHANTOM STOCK 4,730 23 May 2023 COMMON STOCK 4,730 By FCB Director Deferred Compensation Plan F5
holding FCBC STOCK OPTION 3,958 23 May 2023 COMMON STOCK 3,958 $33.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 vest in one installment on May 24, 2023.
F2 Shares also increased due to quarterly dividend reinvestment.
F3 These shares were acquired upon the vesting of previously reported equity awards, and were disposed of to permit the cash value of the awards to be credited to the reporting persons deferred compensation plan account.
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 vest in one installment on May 23, 2024.
F5 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.
F6 Stock options vest in three equal installments over three years beginning with 03/31/2022.