David D. Brown - 13 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
13 May 2024
Net transactions value
-$35,849
Form type
4
Filing time
14 May 2024, 15:30:25 UTC
Previous filing
10 May 2024
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
transaction FCBC COMMON STOCK Sale $35,849 -1,017 -6.8% $35.25 14,026 13 May 2024 Direct
holding FCBC COMMON STOCK 1,650 13 May 2024 IRA
holding FCBC COMMON STOCK 4,151 13 May 2024 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
holding FCBC PHANTOM STOCK 9,914 13 May 2024 COMMON STOCK 1,256 By 401k Wrap F1
holding FCBC RESTRICTED STOCK UNITS 2,727 13 May 2024 COMMON STOCK 2,727 Direct F2, F3
holding FCBC RESTRICTED STOCK UNITS 3,132 13 May 2024 COMMON STOCK 3,132 Direct F3, F4
holding FCBC STOCK OPTION 7,455 13 May 2024 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 the three years ending March 31, 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 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.
F5 Stock options vest in three equal installments over three years beginning with 03/31/2022.