Gary R. Mills - May 29, 2024 Form 4 Insider Report for FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)

Role
President
Signature
Gary R. Mills 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, 11:58 AM
Previous filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FCBC COMMON STOCK 11.7K May 29, 2024 Direct F1
holding FCBC COMMON STOCK 25.5K May 29, 2024 Direct F1, F2
holding FCBC COMMON STOCK 8.45K May 29, 2024 By Employee Stock Ownership & Savings Plan F3

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 +5.73K $0.00 5.73K May 29, 2024 COMMON STOCK 5.73K Direct F5, F7
holding FCBC RESTRICTED STOCK UNITS 6.44K May 29, 2024 COMMON STOCK 6.44K Direct F4, F5
holding FCBC RESTRICTED STOCK UNITS 7.39K May 29, 2024 COMMON STOCK 7.39K Direct F5, F6
holding FCBC STOCK OPTION 865 May 29, 2024 COMMON STOCK 865 $24.65 Direct F8, F9
holding FCBC STOCK OPTION 3.03K May 29, 2024 COMMON STOCK 3.03K $29.15 Direct F8, F9
holding FCBC STOCK OPTION 15.8K May 29, 2024 COMMON STOCK 15.8K $33.00 Direct F10
holding FCBC PHANTOM STOCK 16K May 29, 2024 COMMON STOCK 16K By 401k Wrap F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were transferred from individual account to joint account.
F2 Owned jointly with spouse.
F3 Shares were acquired due to nondiscretionary company contribution and allocation under 401(k) plan as well as quarterly dividend reinvestment.
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 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.
F5 The restricted stock units vest in three years.
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 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.
F7 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.
F8 Stock options vest and become exercisable in seven equal annual installments beginning with the date listed.
F9 Stock options are exercisable until 5 years after retirement at or after age 62, disability or death. If employment is terminated other than by retirement at or after 62, disability or death vested options must be exercised within 90 days after the effective date of termination. Any option not exercised within such period shall be deemed cancelled.
F10 Stock options vest in three equal installments over three years beginning with 03/31/2022.
F11 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.