Harmon Sarah W 4
4 · FIRST COMMUNITY BANKSHARES INC /VA/ · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
FCBC SVP & GC Sarah Harmon Exercises RSUs, Sells 1,535 Shares
What Happened
- Sarah W. Harmon, Senior Vice President & General Counsel of First Community Bankshares, converted 2,876 restricted stock units (RSUs) into 2,876 shares on May 26, 2026. To cover tax withholding, 1,535 of those shares were disposed (sold) at $42.38 each for gross proceeds of $65,053. On May 27, 2026 she was also granted 2,153 RSUs (an award/derivative).
Key Details
- Filing date: May 28, 2026 (reporting period: transactions on May 26–27, 2026). The Form 4 was filed within the standard two-business-day window (timely).
- Conversion: 2,876 RSUs converted into 2,876 shares (derivative exercise/conversion).
- Tax withholding: 1,535 shares sold at $42.38 for $65,053 to satisfy tax/withholding obligations (transaction code F).
- Award: 2,153 shares reported as a grant/award of RSUs on May 27, 2026 (derivative, price $0).
- Shares owned after the transactions: not disclosed in the provided filing.
- Footnotes: The conversion reflects RSUs that cliff vested based on company performance and continued employment. The new 2,153-share award is a restricted stock unit grant subject to future vesting and performance conditions (see footnotes for detailed vesting schedules).
Context
- This appears to be a routine vesting and tax-withholding transaction rather than an open-market sale for investment purposes: RSUs vested/converted and a portion was surrendered/sold to cover tax withholding.
- The RSU grant reported is a contingent award (derivative) that vests in the future based on performance and continued employment; such grants are common in executive compensation and do not necessarily signal an insider view on near-term stock performance.
Insider Transaction Report
Form 4
Harmon Sarah W
SVP & General Counsel
Transactions
- Tax Payment
COMMON STOCK
2026-05-26$42.38/sh−1,535$65,053→ 7,313 total - Exercise/Conversion
COMMON STOCK
[F1]2026-05-26+2,876→ 8,848 total - Exercise/Conversion
RESTRICTED STOCK UNITS
[F1]2026-05-26−2,876→ 0 total→ COMMON STOCK (2,876 underlying) - Award
RESTRICTED STOCK UNITS
[F6]2026-05-27+2,153→ 2,153 total→ COMMON STOCK (2,153 underlying)
Holdings
- 1,994(indirect: By Employee Stock Ownership & Savings Plan)
COMMON STOCK
[F2] - 5,157
STOCK OPTION
[F3]Exercise: $33.00From: 2022-03-31Exp: 2031-03-19→ COMMON STOCK (5,157 underlying) - 2,228
RESTRICTED STOCK UNITS
[F4]→ COMMON STOCK (2,228 underlying) - 2,332
RESTRICTED STOCK UNITS
[F5]→ COMMON STOCK (2,332 underlying)
Footnotes (6)
- [F1]Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock. The restricted stock units cliff vested on May 26, 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.
- [F2]Shares were acquired due to nondiscretionary company contribution and allocation under 401(k) plan as well as quarterly dividend reinvestment.
- [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 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.
- [F5]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.
- [F6]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 27, 2029, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2029. All vesting is contingent upon the continued employment of the reporting person.
Signature
/s/ Sarah W. Harmon|2026-05-28