Gary R. Mills - 27 May 2025 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)
Issuer symbol: FCBC
Transactions as of: 27 May 2025
Net transactions value: $0
Form type: 4
Filing time: 29 May 2025, 15:47:41 UTC
Previous filing: 31 May 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Mills Gary R	President	PO BOX 989, BLUEFIELD	Gary R. Mills by: Sarah W. Harmon (His Attorney-in-Fact)	29 May 2025	0001463305

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCBC	COMMON STOCK	Options Exercise		+6,436	+55%		18,100	27 May 2025	Direct	F1
holding	FCBC	COMMON STOCK						25,537	27 May 2025	Direct	F2
holding	FCBC	COMMON STOCK						9,635	27 May 2025	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	Options Exercise	$0	-6,436	-100%	$0.000000	0	27 May 2025	COMMON STOCK	6,436		Direct	F1
transaction	FCBC	RESTRICTED STOCK UNITS	Award	$0	+5,107		$0.000000	5,107	28 May 2025	COMMON STOCK	5,107		Direct	F10
holding	FCBC	RESTRICTED STOCK UNITS						7,394	27 May 2025	COMMON STOCK	7,394		Direct	F4
holding	FCBC	STOCK OPTION						865	27 May 2025	COMMON STOCK	865	$24.65	Direct	F5, F6
holding	FCBC	STOCK OPTION						3,025	27 May 2025	COMMON STOCK	3,025	$29.15	Direct	F5, F6
holding	FCBC	STOCK OPTION						15,799	27 May 2025	COMMON STOCK	15,799	$33.00	Direct	F7
holding	FCBC	PHANTOM STOCK						15,968	27 May 2025	COMMON STOCK	15,968		By 401k Wrap	F8
holding	FCBC	RESTRICTED STOCK UNITS						5,728	27 May 2025	COMMON STOCK	5,728		Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock. The restricted stock units cliff vested on May 27, 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.
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 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 and become exercisable in seven equal annual installments beginning with the date listed.
F6	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.
F7	Stock options vest in three equal installments over three years beginning with 03/31/2022.
F8	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.
F9	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.
F10	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. 30% of the restricted stock units cliff vest on May 28, 2028, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2028. All vesting is contingent upon the continued employment of the reporting person.