Director Samuel L. Elmore (FCBC) awarded 877 restricted stock units in correction filing
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Elmore Samuel L reported acquisition or exercise transactions in this Form 4 filing.
First Community Bankshares director Samuel L. Elmore received a grant of 877 restricted stock units. These units give him the right to receive an equal number of First Community Bankshares common shares or, at his election, their cash value. The restricted stock units vest in a single installment on May 27, 2027, meaning he must remain eligible until that date to receive the full award. The filing also corrects a previously reported, incorrect number of restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Elmore Samuel L
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
Restricted stock units granted: 877 units
Underlying common stock: 877 shares
Vesting date: May 27, 2027
+2 more
5 metrics
Restricted stock units granted
877 units
Grant to director Samuel L. Elmore
Underlying common stock
877 shares
One share per restricted stock unit
Vesting date
May 27, 2027
Single vesting installment for RSUs
Price per unit
$0.00
Compensation grant, no cash paid by director
RSU holdings after transaction
877 units
Total RSUs reported following grant
Key Terms
restricted stock units, contingent right, vest, Form 4
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 common stock"
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.
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 insider transaction did FCBC director Samuel L. Elmore report on this Form 4/A?
Samuel L. Elmore reported receiving a grant of 877 restricted stock units. Each unit is tied to one share of First Community Bankshares common stock or its cash value, awarded as director compensation.
How many restricted stock units did FCBC grant to Samuel L. Elmore?
The company granted 877 restricted stock units to Samuel L. Elmore. These units represent potential future delivery of 877 common shares or their cash value, subject to vesting conditions.
When do Samuel L. Elmore’s FCBC restricted stock units vest?
The restricted stock units vest in one installment on May 27, 2027. Elmore must meet the service or eligibility requirements through that date to receive the underlying shares or cash value.
What does each FCBC restricted stock unit represent in this Form 4/A?
Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares common stock, or at Elmore’s election, the cash value of that share, once the award vests.
Why was an amended Form 4/A filed for FCBC director Samuel L. Elmore?
The amended Form 4/A states that a prior Form 4 reported an incorrect number of restricted stock units. This filing corrects the reported amount to 877 units granted.