FCBC director granted 877 restricted stock units
SARVER M ADAM reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4/A
Rhea-AI Filing Summary
SARVER M ADAM reported acquisition or exercise transactions in this Form 4 filing.
First Community Bankshares Inc. director M. Adam Sarver reported an amended Form 4 showing a grant of 877 restricted stock units. Each unit represents a contingent right to receive one share of common stock, or at his election, the cash value. The units vest in a single installment on May 27, 2027, and this amendment corrects a previously reported incorrect number of restricted stock units, bringing his total reported RSU holdings to 877 units.
Insider Trade Summary
Grant/Award: 877 shares
Grant/Award
1 txn
Insider
SARVER M ADAM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK UNITS | 877 | $0.00 | $0.00 |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 877 contracts (Direct)
Footnotes (2)
- F1. 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 vest in one installment on May 27, 2027.
- F2. The reporting person filed a Form 4 which reported an incorrect number of restricted stock units.
Key Figures
RSUs granted: 877 units
RSUs after transaction: 877 units
RSU grant price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
877 units
Restricted stock units granted to director on May 27, 2026
RSUs after transaction
877 units
Total restricted stock units held following the grant
RSU grant price
$0.0000 per unit
Equity compensation award, no cash paid by insider
Vesting date
May 27, 2027
RSUs vest in a single installment on this date
Underlying shares
877 common shares
Each RSU corresponds to one share of common stock
Key Terms
restricted stock units, contingent right, Form 4, vest
4 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of First Community Bankshares Inc. common stock..."
Form 4 regulatory
"The reporting person filed a Form 4 which reported an incorrect number..."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
vest financial
"The restricted stock units vest in one installment on May 27, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FCBC director M. Adam Sarver report on this Form 4/A?
M. Adam Sarver reported an amended grant of 877 restricted stock units. These RSUs are a form of equity-based compensation that will convert into common stock, or cash at his election, when they vest on May 27, 2027.
How many restricted stock units did FCBC’s Sarver hold after this amended transaction?
After the amended transaction, Sarver held 877 restricted stock units. This number reflects a correction to a previously filed Form 4 and represents his reported total RSU position related to this specific grant as of the transaction date.
When do M. Adam Sarver’s FCBC restricted stock units vest?
The 877 restricted stock units vest in one installment on May 27, 2027. Vesting means Sarver’s contingent right to receive FCBC common stock, or equivalent cash value, becomes earned and payable on that future date if service conditions are met.
What does each FCBC restricted stock unit granted to Sarver represent?
Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares common stock. At Sarver’s election, this can instead be settled in cash equal to the share’s value when the units vest on the specified vesting date.
Why was this FCBC Form 4/A filing submitted as an amendment?
The Form 4/A was filed because an earlier Form 4 reported an incorrect number of restricted stock units. This amendment corrects that error, confirming that 877 restricted stock units were granted and are now properly reflected in Sarver’s reported holdings.
Is Sarver’s FCBC restricted stock unit grant an open-market purchase or sale?
No, the 877 restricted stock units are a grant of equity compensation, not an open-market trade. They were awarded at no cash cost to Sarver and will convert into stock or cash upon vesting, subject to the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
