Mills Gary R 4
4 · FIRST COMMUNITY BANKSHARES INC /VA/ · Filed May 25, 2023
Insider Transaction Report
Form 4
Mills Gary R
Chief Credit Officer
Transactions
- Award
RESTRICTED STOCK UNITS
2023-05-23+7,394→ 7,394 total→ COMMON STOCK (7,394 underlying)
Holdings
- 6,436
RESTRICTED STOCK UNITS
→ COMMON STOCK (6,436 underlying) - 15,799
STOCK OPTION
Exercise: $33.00From: 2022-03-31Exp: 2031-03-19→ COMMON STOCK (15,799 underlying) - 14,587
COMMON STOCK
- 7,436(indirect: By Employee Stock Ownership & Savings Plan)
COMMON STOCK
- 3,025
STOCK OPTION
Exercise: $29.15From: 2003-12-31→ COMMON STOCK (3,025 underlying) - 22,614
COMMON STOCK
- 15,968(indirect: By 401(k))
COMMON STOCK
- 865
STOCK OPTION
Exercise: $24.65From: 2002-12-31→ COMMON STOCK (865 underlying)
Footnotes (10)
- [F1]Shares were transferred from individual account to joint account.
- [F10]Stock options vest in three equal installments over three years beginning with 03/31/2022.
- [F2]Owned jointly with spouse.
- [F3]Shares increased due to nondiscretionary company contribution and allocation under 401(k) plan as well as a quarterly dividend reinvestment.
- [F4]Shares increased due to quarterly dividend reinvestment.
- [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 years ending December 31, 2023, 2024 and 2025 and the continued employment of the reporting person.
- [F6]The restricted stock units vest in three years.
- [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 24, 2025 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for years ending December 31, 2022, 2023 and 2024 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.