Brown David D 4
4 · FIRST COMMUNITY BANKSHARES INC /VA/ · Filed May 31, 2024
Insider Transaction Report
Form 4
Brown David D
Chief Financial Officer
Transactions
- Award
RESTRICTED STOCK UNITS
2024-05-29+2,427→ 2,427 total→ COMMON STOCK (2,427 underlying)
Holdings
- 14,026
COMMON STOCK
- 4,186(indirect: By Employee Stock Ownership & Savings Plan)
COMMON STOCK
- 2,727
RESTRICTED STOCK UNITS
→ COMMON STOCK (2,727 underlying) - 7,455
STOCK OPTION
Exercise: $33.00From: 2022-03-31Exp: 2031-03-19→ COMMON STOCK (7,455 underlying) - 1,650(indirect: By IRA)
COMMON STOCK
- 9,914(indirect: By 401(k))
PHANTOM STOCK
→ COMMON STOCK (9,914 underlying) - 3,132
RESTRICTED STOCK UNITS
→ COMMON STOCK (3,132 underlying)
Footnotes (7)
- [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.