Harmon Sarah W 4

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.