William P. Stafford II - Mar 31, 2023 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: Mar 31, 2023
Transactions value $: -$10,180
Form type: 4
Date filed: 4/3/2023, 02:53 PM
Previous filing: May 26, 2022
Next filing: May 25, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCBC	COMMON STOCK	Tax liability	-$10.2K	-403	-0.2%	$25.26	205K	Mar 31, 2023	Direct
holding	FCBC	COMMON STOCK						2.87K	Mar 31, 2023	By Brewster Morhous Money Purchase Pension Plan
holding	FCBC	COMMON STOCK						2.08K	Mar 31, 2023	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
holding	FCBC	RESTRICTED STOCK UNITS						4.83K	Mar 31, 2023	COMMON STOCK	4.83K		Direct	F2, F3
holding	FCBC	STOCK OPTION						11.7K	Mar 31, 2023	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 were acquired due to nondiscretionary company contribution and allocation under 401(k) plan as well as a 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 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.