4//SEC Filing
Mills Gary R 4
Accession 0001415889-25-014833
CIK 0000859070other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 3:47 PM ET
Size
21.5 KB
Accession
0001415889-25-014833
Insider Transaction Report
Form 4
Mills Gary R
Chief Credit Officer
Transactions
- Exercise/Conversion
COMMON STOCK
2025-05-27+6,436→ 18,100 total - Award
RESTRICTED STOCK UNITS
2025-05-28+5,107→ 5,107 total→ COMMON STOCK (5,107 underlying) - Exercise/Conversion
RESTRICTED STOCK UNITS
2025-05-27−6,436→ 0 total→ COMMON STOCK (6,436 underlying)
Holdings
- 865
STOCK OPTION
Exercise: $24.65From: 2002-12-31→ COMMON STOCK (865 underlying) - 15,799
STOCK OPTION
Exercise: $33.00From: 2022-03-31Exp: 2031-03-19→ COMMON STOCK (15,799 underlying) - 7,394
RESTRICTED STOCK UNITS
→ COMMON STOCK (7,394 underlying) - 9,635(indirect: By Employee Stock Ownership & Savings Plan)
COMMON STOCK
- 25,537
COMMON STOCK
- 3,025
STOCK OPTION
Exercise: $29.15From: 2003-12-31→ COMMON STOCK (3,025 underlying) - 15,968(indirect: By 401(k))
PHANTOM STOCK
→ COMMON STOCK (15,968 underlying) - 5,728
RESTRICTED STOCK UNITS
→ COMMON STOCK (5,728 underlying)
Footnotes (10)
- [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.
- [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.
- [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.
Documents
Issuer
FIRST COMMUNITY BANKSHARES INC /VA/
CIK 0000859070
Entity typeother
Related Parties
1- filerCIK 0001463305
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 3:47 PM ET
- Size
- 21.5 KB