Bonnett Derek A 4
4 · FIRST COMMUNITY BANKSHARES INC /VA/ · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
First Community Bankshares (FCBC) CRO Derek Bonnett Buys 501 Shares
What Happened
Derek A. Bonnett, Chief Risk Officer of First Community Bankshares Inc. (FCBC), purchased 501 shares on January 30, 2026 at $34.93 per share for a total of approximately $17,500. This was a purchase (transaction code P), which is typically viewed as a more informative signal than routine sales.
Key Details
- Transaction date and price: 2026-01-30, 501 shares at $34.93 each (total ≈ $17,500).
- Transaction type: Open market or private purchase (P).
- Shares owned after transaction: Not reported in the provided data.
- Footnotes included in the filing:
- F1: Some share increases reflect quarterly dividend reinvestment.
- F2–F4: Several restricted stock unit (RSU) grants are outstanding; each RSU converts to one share (or cash) and cliff vest on specified dates (May 23, 2026; May 29, 2027; and partial/conditional vesting May 28, 2028) contingent on performance and continued employment.
- F5: Stock options vest in three equal installments over three years beginning 03/31/2022.
- Filing timeliness: No late filing flag indicated in the provided information.
Context
This is a modest-sized insider purchase (~$17.5k). Purchases by executives can be interpreted positively by investors because they increase insider exposure to company equity, but the amount here is small relative to typical institutional moves. The filing also shows the insider has performance‑contingent RSUs and time‑based option vesting schedules, which are common components of executive compensation.
Insider Transaction Report
- Purchase
COMMON STOCK
2026-01-30$34.93/sh+501$17,500→ 501 total(indirect: By Spouse)
- 1,917
COMMON STOCK
- 1,331(indirect: By Employee Stock Ownership & Savings Plan)
COMMON STOCK
[F1] - 2,151
RESTRICTED STOCK UNITS
[F2]→ COMMON STOCK (2,151 underlying) - 1,667
RESTRICTED STOCK UNITS
[F3]→ COMMON STOCK (1,667 underlying) - 1,888
RESTRICTED STOCK UNITS
[F4]→ COMMON STOCK (1,888 underlying) - 977
STOCK OPTION
[F5]Exercise: $33.00From: 2022-03-31Exp: 2031-03-19→ COMMON STOCK (977 underlying)
Footnotes (5)
- [F1]Shares increased due to quarterly dividend reinvestment.
- [F2]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 23, 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.
- [F3]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.
- [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. 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.
- [F5]Stock options vest in three equal installments over three years beginning with 03/31/2022.