First Community Bankshares (FCBC) director receives 877 restricted stock units in amended filing
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Johnson Richard Scott reported acquisition or exercise transactions in this Form 4 filing.
First Community Bankshares director Richard Scott Johnson reported an amended grant of 877 restricted stock units. These units were awarded on May 27, 2026 at no cost and each unit represents a contingent right to receive one share of common stock, or at his election, the cash value of that share.
The restricted stock units vest in a single installment on May 27, 2027. After this award, Johnson holds 877 restricted stock units directly. The amendment corrects a previously filed Form 4 that reported an incorrect number of restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Richard Scott
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK UNITS | 877 | $0.00 | -- |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 877 shares (Direct, null)
Footnotes (1)
- 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. 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
Exercise price: $0.00 per unit
+2 more
5 metrics
RSUs granted
877 units
Restricted stock units awarded on May 27, 2026
RSUs after transaction
877 units
Total restricted stock units held following award
Exercise price
$0.00 per unit
Grant/award acquisition, no purchase price paid
Underlying common shares
877 shares
Each RSU converts into one share or cash value
Vesting date
May 27, 2027
RSUs vest in a single installment
Key Terms
restricted stock units, contingent right, cash value, vest in one installment, +1 more
5 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"
cash value financial
"or at the reporting persons election, the cash value thereof"
vest in one installment financial
"The restricted stock units vest in one installment on May 27, 2027"
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.
FAQ
What did FCBC director Richard Scott Johnson report in this Form 4/A?
Richard Scott Johnson reported an amended grant of 877 restricted stock units. The filing corrects an earlier Form 4 that showed an incorrect RSU number and confirms his current derivative holding and vesting terms.
How many restricted stock units did Richard Scott Johnson receive from FCBC?
He received 877 restricted stock units. Each unit represents a contingent right to receive one share of First Community Bankshares common stock, or at his election the cash value of that share, subject to vesting conditions.
When do Richard Scott Johnson’s FCBC restricted stock units vest?
The restricted stock units vest in one installment on May 27, 2027. This means he must remain eligible through that date before receiving the underlying common shares or equivalent cash value, according to the award terms.
What does each FCBC restricted stock unit represent for Richard Scott Johnson?
Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares common stock or, at his election, the cash value of that share. Actual delivery occurs only after vesting on the specified date.
Why is this FCBC Form 4/A described as an amendment?
It is an amendment because it corrects a previously filed Form 4. The earlier filing reported an incorrect number of restricted stock units, and this amendment clarifies that 877 units were granted under the stated terms.
How many FCBC restricted stock units does Richard Scott Johnson hold after this transaction?
After this grant, he holds 877 restricted stock units directly. These units are derivative securities tied to First Community Bankshares common stock and will settle in stock or cash once they vest on May 27, 2027.