DAVIS C WILLIAM 4

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.