Johnson Richard Scott 4/A
Research Summary
AI-generated summary
FCBC Director Richard Scott Johnson Receives 877 RSUs
What Happened
- Richard Scott Johnson, a director of First Community Bankshares Inc. (FCBC), was granted 877 restricted stock units (RSUs) on May 27, 2026. The transaction is reported as an award/acquisition (derivative) with a reported price of $0.00 (typical reporting convention for RSU grants). The filing is an amendment correcting a previously reported incorrect RSU count.
Key Details
- Transaction date: 2026-05-27; amended Form 4 filed 2026-06-02.
- Award: 877 restricted stock units (RSUs); reported price per unit: $0.00; total transaction value not specified in the Form 4.
- Vesting: RSUs vest in one installment on May 27, 2027 (footnote F1).
- Conversion: Each RSU represents a contingent right to one common share or, at the reporting person's election, cash (footnote F1).
- Filing note: This is an amended filing to correct an earlier Form 4 that reported an incorrect number of RSUs (footnote F2).
- Shares owned after the transaction: not specified in this filing.
Context
- RSU grants are compensation awards that vest in the future and do not represent immediate open-market purchases or sales. They are common for executive/director compensation and are different from insider purchases (which some investors view as a stronger bullish signal). This filing corrects the reported grant quantity; it does not by itself indicate buying or selling of outstanding shares.