William P. Stafford II - May 24, 2022 Form 4 Insider Report for FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)

Role
Chief Executive Officer
Signature
William P. Stafford, II by: Sarah W. Harmon (His Attorney-in-Fact)
Stock symbol
FCBC
Transactions as of
May 24, 2022
Transactions value $
$0
Form type
4
Date filed
5/26/2022, 04:15 PM
Previous filing
Nov 30, 2021
Next filing
Apr 3, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FCBC COMMON STOCK 205K May 24, 2022 Direct
holding FCBC COMMON STOCK 2.87K May 24, 2022 By Brewster Morhous Money Purchase Pension Plan
holding FCBC COMMON STOCK 1.48K May 24, 2022 By Employee Stock Ownership & Savings Plan F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FCBC RESTRICTED STOCK UNITS Award $0 +4.83K $0.00 4.83K May 24, 2022 COMMON STOCK 4.83K Direct F2, F3
holding FCBC STOCK OPTION 11.7K May 24, 2022 COMMON STOCK 11.7K $33.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares increased due to nondiscretionary company contribution and allocation under 401(k) plan.
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 24, 2025 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for years ending December 31, 2022, 2023 and 2024 and the continued employment of the reporting person.
F3 The restricted stock units vest in three years.
F4 Stock options vest in three equal installments over three years beginning with 03/31/2022.