Johnson Richard Scott 4

What Happened

• Richard Scott Johnson, a director of First Community Bankshares Inc. (FCBC), reported the conversion/settlement of 928 restricted stock units (RSUs) into common shares on May 28, 2026, and a grant/award of 842 RSUs on May 27, 2026.
• The conversion entries are reported with $0 or N/A dollar amounts (no cash purchase or market sale reported). The new grant is also reported as a $0 derivative award (an RSU grant).

Key Details

• Transaction dates: Grant/award of 842 RSUs on 2026-05-27; RSU conversion/exercise entries for 928 shares on 2026-05-28.
• Report filed: Form 4 filed 2026-05-29 (appears timely under Form 4 rules).
• Prices/values shown: conversions/award reported at $0.00 or N/A in the filing excerpt (no cash proceeds reported).
• Shares owned after transaction: not specified in the provided excerpt — check the full Form 4 for total beneficial ownership.
• Relevant footnotes from the filing:
  • F1: Each restricted stock unit converted into one share; those RSUs vested on May 28, 2026.
  • F2: Some shares were moved from a joint account to an individual account.
  • F3: Some holdings are owned jointly with spouse.
  • F5: The 842-RSU award represents contingent rights to one share (or cash at election) and vests in one installment on May 27, 2027.

Context

• These are derivative/award events (RSU vesting/conversion and a new RSU grant), not open-market purchases or voluntary sales. Such filings typically reflect compensation vesting or internal settlements rather than a buy or sell decision in the market.
• The filing shows a simultaneous zero-dollar "Disposition" line for 928 shares; the footnote confirms RSUs converted to shares but does not detail the reason for the zero-dollar disposition (e.g., withholding or transfer), so consult the full Form 4 for any additional explanatory detail.