David D. Brown - 01 Sep 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: 01 Sep 2023
Net transactions value: +$72,049
Form type: 4
Filing time: 06 Sep 2023, 13:40:58 UTC
Previous filing: 29 Aug 2023
Next filing: 10 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	Purchase	$3,145	+100	+6.5%	$31.45	1,650	01 Sep 2023	IRA
holding	FCBC	COMMON STOCK						15,043	01 Sep 2023	Direct
holding	FCBC	COMMON STOCK						3,741	01 Sep 2023	By Employee Stock Ownership & Savings Plan

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	PHANTOM STOCK	Award	$68,904	+2,200	+34%	$31.32	8,658	06 Sep 2023	COMMON STOCK	2,200		By 401k Wrap	F1
holding	FCBC	RESTRICTED STOCK UNITS						2,727	01 Sep 2023	COMMON STOCK	2,727		Direct	F2, F3
holding	FCBC	RESTRICTED STOCK UNITS						3,132	01 Sep 2023	COMMON STOCK	3,132		Direct	F3, F4
holding	FCBC	STOCK OPTION						7,455	01 Sep 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	Each share of phantom stock is the economic equivalent 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 employment.
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 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.
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 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.
F5	Stock options vest in three equal installments over three years beginning with 03/31/2022.