David D. Brown - May 29, 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)
Stock symbol
FCBC
Transactions as of
May 29, 2024
Transactions value $
$0
Form type
4
Date filed
5/31/2024, 11:55 AM
Previous filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FCBC COMMON STOCK 14K May 29, 2024 Direct
holding FCBC COMMON STOCK 1.65K May 29, 2024 IRA
holding FCBC COMMON STOCK 4.19K May 29, 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 RESTRICTED STOCK UNITS Award $0 +2.43K $0.00 2.43K May 29, 2024 COMMON STOCK 2.43K Direct F4, F6
holding FCBC PHANTOM STOCK 9.91K May 29, 2024 COMMON STOCK 9.91K By 401k Wrap F2
holding FCBC RESTRICTED STOCK UNITS 2.73K May 29, 2024 COMMON STOCK 2.73K Direct F3, F4
holding FCBC RESTRICTED STOCK UNITS 3.13K May 29, 2024 COMMON STOCK 3.13K Direct F4, F5
holding FCBC STOCK OPTION 7.46K May 29, 2024 COMMON STOCK 7.46K $33.00 Direct F7
* 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 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 29, 2027 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2027 and the continued employment of the reporting person.
F7 Stock options vest in three equal installments over three years beginning with 03/31/2022.