First Community Bankshares (NASDAQ: FCBC) director reports RSU exercise and updated holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Bankshares director M. Adam Sarver reported compensation-related equity activity and updated share holdings. On May 28, 2026, he exercised 928 restricted stock units, receiving the same number of common shares, which brought his direct common stock position to 113,692 shares.
He also received a new grant of 842 restricted stock units on May 27, 2026, each representing a contingent right to one share or the cash value, scheduled to vest in a single installment on May 27, 2027. Separate entries show additional direct holdings of 2,000 common shares, indirect ownership of 41,976 shares through Longview Properties, LLC, and 872 shares held by his wife.
Beyond common stock, Sarver holds stock options over 3,958 shares of common stock with a $33.00 exercise price, expiring on March 19, 2031. The filing reflects no reported open‑market purchases or sales, focusing instead on equity awards, their vesting, and current ownership levels.
Positive
- None.
Negative
- None.
Insider Trade Summary
928 shares exercised/converted
Mixed
7 txns
Insider
SARVER M ADAM
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNITS | 928 | $0.00 | -- |
| Exercise | COMMON STOCK | 928 | $0.00 | -- |
| holding | STOCK OPTION | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| Grant/Award | RESTRICTED STOCK UNITS | 842 | $0.00 | -- |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 0 shares (Direct, null);
COMMON STOCK — 113,692 shares (Direct, null);
STOCK OPTION — 3,958 shares (Direct, null);
COMMON STOCK — 872 shares (Indirect, Wife)
Footnotes (1)
- Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock. The restricted stock units vested on May 28, 2026. Holds a 50% ownership in the company. Mr. Sarver is the custodian of his daughters' accounts. Stock options vest in three equal installments over three years beginning with 03/31/2022. 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.
Key Figures
RSUs exercised: 928 shares
New RSU grant: 842 units
Direct common shares: 113,692 shares
+4 more
7 metrics
RSUs exercised
928 shares
Restricted stock units converted to common stock on May 28, 2026
New RSU grant
842 units
Restricted stock units granted on May 27, 2026, vesting May 27, 2027
Direct common shares
113,692 shares
Direct FCBC common stock holdings after RSU conversion
Indirect LLC holdings
41,976 shares
Common shares held indirectly through Longview Properties, LLC
Spousal holdings
872 shares
Common shares held indirectly via wife
Stock option position
3,958 shares at $33.00
Option over FCBC common stock, expiring March 19, 2031
Exercise price
$33.00/share
Exercise price of stock options expiring March 19, 2031
Key Terms
restricted stock unit, stock option, indirect ownership, custodian, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
stock option financial
"Stock options vest in three equal installments over three years beginning with 03/31/2022."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By Longview Properties, LLC""
custodian financial
"Mr. Sarver is the custodian of his daughters' accounts."
A custodian is a financial institution that holds and safeguards an investor's assets—such as stocks, bonds, or cash—and records transactions on the investor's behalf. Think of it as a trusted caretaker or safe-deposit box for investments; it helps prevent loss or theft, handles paperwork and transfers, and provides transparency and regulatory checks, so investors can focus on decisions rather than the mechanics or security of asset storage.
exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
What equity awards did FCBC director M. Adam Sarver report in this Form 4?
Sarver reported exercising 928 restricted stock units into common stock on May 28, 2026, and receiving a new grant of 842 restricted stock units on May 27, 2026. These awards are part of his equity-based compensation.
What stock option position does Sarver report in FCBC, and what are its key terms?
Sarver reports stock options over 3,958 shares of FCBC common stock with an exercise price of $33.00 per share and an expiration date of March 19, 2031. These options vest in three equal annual installments beginning March 31, 2022.
When do M. Adam Sarver’s newly granted FCBC restricted stock units vest?
The 842 restricted stock units granted on May 27, 2026 vest in a single installment on May 27, 2027. Each unit represents a right to receive one FCBC common share or, at his election, the cash value of a share.
Does this FCBC Form 4 show any open-market stock sales or purchases by Sarver?
The Form 4 does not report any open-market purchases or sales. Activity centers on restricted stock units converting into shares, a new restricted stock unit grant, and disclosure of existing direct and indirect holdings, plus an outstanding stock option position.