DAVIS C WILLIAM 4
4 · FIRST COMMUNITY BANKSHARES INC /VA/ · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
FCBC Director William C. Davis Receives 1,032-Share Award
What Happened William C. Davis, a director of First Community Bankshares, received an award of 1,032 derivative shares (phantom stock) on Feb 4, 2026. The award is reported at $39.76 per share for a total reported value of $41,032. This was an award/acquisition (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-02-04; Report filed: 2026-02-05 (timely).
- Award type: Derivative (phantom stock), 1,032 shares @ $39.76 each; total $41,032.
- Shares owned after transaction: Not specified in the provided filing summary.
- Relevant filing footnotes:
- F2: Each phantom share equals the economic equivalent of one common share and becomes payable (in cash or stock, at the reporting person’s election) upon the director’s termination of service.
- F1: Notes that some share counts elsewhere increased due to dividend reinvestment.
- F3: Notes related to option vesting schedules (vest in three equal installments starting 03/31/2022).
- F4: Restricted stock units (RSUs) referenced vest in one installment on 05/28/2026.
- Filing timeliness: Filed one day after the transaction date; not indicated as late.
Context This was a company award of phantom stock (a derivative compensation vehicle), which generally provides an economic payout rather than immediately tradable shares. Such awards are part of director compensation and do not necessarily reflect immediate buying or selling sentiment.
Insider Transaction Report
- Award
PHANTOM STOCK
[F2]2026-02-04$39.76/sh+1,032$41,032→ 5,805 total(indirect: By FCB Director Deferred Compensation Plan)→ COMMON STOCK (4,773 underlying)
- 16,605
COMMON STOCK
[F1] - 3,176(indirect: By IRA)
COMMON STOCK
- 3,958
STOCK OPTION
[F3]Exercise: $33.00From: 2022-03-31Exp: 2031-03-19→ COMMON STOCK (3,958 underlying) - 928
RESTRICTED STOCK UNITS
[F4]→ COMMON STOCK (928 underlying)
Footnotes (4)
- [F1]Shares increased due to 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 service as a director.
- [F3]Stock options vest in three equal installments over three years beginning with 03/31/2022.
- [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 vest in one installment on May 28, 2026.