David D. Brown - 09 May 2024 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
09 May 2024
Net transactions value
+$44,965
Form type
4
Filing time
10 May 2024, 16:29:34 UTC
Previous filing
06 Sep 2023
Next filing
14 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 15,043 09 May 2024 Direct
holding FCBC COMMON STOCK 1,650 09 May 2024 IRA
holding FCBC COMMON STOCK 4,151 09 May 2024 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 PHANTOM STOCK Award $44,965 +1,256 +15% $35.80 9,914 09 May 2024 COMMON STOCK 1,256 By 401k Wrap F2
holding FCBC RESTRICTED STOCK UNITS 2,727 09 May 2024 COMMON STOCK 2,727 Direct F3, F4
holding FCBC RESTRICTED STOCK UNITS 3,132 09 May 2024 COMMON STOCK 3,132 Direct F4, F5
holding FCBC STOCK OPTION 7,455 09 May 2024 COMMON STOCK 7,455 $33.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were acquired due to nondiscretionary company contribution and allocation under 401(k) plan as well as quarterly dividend reinvestment.
F2 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.
F3 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 the three years ending March 31, 2025 and the continued employment of the reporting person.
F4 The restricted stock units vest in three years.
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 the three years ending March 31, 2026 and the continued employment of the reporting person.
F6 Stock options vest in three equal installments over three years beginning with 03/31/2022.