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First Community (FCBC) general counsel sells 4,329 shares after option exercise

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FIRST COMMUNITY BANKSHARES INC (FCBC) reported insider equity transactions by Sarah W. Harmon, SVP & General Counsel. On August 21, 2026, Harmon exercised stock options to acquire 5,157 shares of common stock at an exercise price of $33.00 per share, eliminating a corresponding option position. The same day, she sold 4,329 shares of common stock in multiple trades at prices ranging from $49.20 to $49.55, for a weighted-average price of about $49.21, leaving remaining directly held shares not stated here. She continues to hold derivative interests through restricted stock units representing 2,228, 2,332, and 2,153 underlying shares, which vest on future dates based on performance criteria and continued employment, and also holds 1,994 shares indirectly through an Employee Stock Ownership & Savings Plan.

Positive

  • None.

Negative

  • None.
Insider Harmon Sarah W
Role SVP & General Counsel
Sold 4,329 shs ($213K)
Approx. gross sale proceeds $213K
Approx. exercise cost $170K
Type Security Shares Price Value
Exercise STOCK OPTION F2 5,157 $0.00 $0.00
Exercise COMMON STOCK 5,157 $33.00 $170K
Sale COMMON STOCK F1 4,329 $49.21 $213K
holding RESTRICTED STOCK UNITS F3 -- -- --
holding RESTRICTED STOCK UNITS F4 -- -- --
holding RESTRICTED STOCK UNITS F5 -- -- --
holding COMMON STOCK -- -- --
Holdings After Transaction: STOCK OPTION — 0 shares (Direct); COMMON STOCK — 8,141 shares (Direct); RESTRICTED STOCK UNITS — 6,713 shares (Direct); COMMON STOCK — 1,994 shares (Indirect, By Employee Stock Ownership & Savings Plan)
Footnotes (5)
  1. F1. Sold 3,742 shares @ $49.20, 105 shares @ $49.21, 238 shares @ $49.22, 147 shares @ $49.23, and 97 shares @ $49.55.
  2. F2. Stock options vest in three equal installments over three years beginning with 03/31/2022.
  3. F3. 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 29, 2027 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2027 and the continued employment of the reporting person.
  4. F4. 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. 30% of the restricted stock units cliff vest on May 28, 2028, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2028. All vesting is contingent upon the continued employment of the reporting person.
  5. F5. 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. 30% of the restricted stock units cliff vest on May 27, 2029, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2029. All vesting is contingent upon the continued employment of the reporting person.
Options exercised 5,157 shares of common stock Stock option exercise on August 21, 2026 at $33.00 per share
Option exercise price $33.00 per share Exercise price for 5,157 stock options
Shares sold 4,329 shares of common stock Sales on August 21, 2026 in multiple tranches
Representative sale price $49.21 per share One of several reported sale prices for 4,329 shares
RSUs underlying shares (grant 1) 2,228 shares Restricted stock units vesting based on performance through March 31, 2027
RSUs underlying shares (grant 2) 2,332 shares Restricted stock units with partial cliff vesting May 28, 2028 and performance vesting
RSUs underlying shares (grant 3) 2,153 shares Restricted stock units with partial cliff vesting May 27, 2029 and performance vesting
Indirect holdings 1,994 shares of common stock Held through Employee Stock Ownership & Savings Plan
stock option financial
"Stock options vest in three equal installments over three years"
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.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
cliff vest financial
"The restricted stock units cliff vest on May 29, 2027"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
performance criteria financial
"based on First Community Bankshares, Inc. satisfaction of certain performance criteria"
Employee Stock Ownership & Savings Plan financial
"By Employee Stock Ownership & Savings Plan"

FAQ

What did insider Sarah W. Harmon do in this Form 4 for FCBC?

Sarah W. Harmon, SVP & General Counsel of FCBC, exercised stock options for 5,157 shares at $33.00 per share and sold 4,329 shares of common stock on August 21, 2026, in multiple trades around $49.21 per share.

How many FCBC shares did Sarah W. Harmon sell and at what prices?

Harmon sold 4,329 shares of FCBC common stock, including 3,742 shares at $49.20, 105 at $49.21, 238 at $49.22, 147 at $49.23, and 97 at $49.55, for a weighted-average price of about $49.21.

What stock options did Sarah W. Harmon exercise in FCBC?

She exercised 5,157 FCBC stock options at an exercise price of $33.00 per share. These options vested in three equal installments over three years beginning March 31, 2022, and had an original expiration date of March 19, 2031.

What FCBC restricted stock units does Sarah W. Harmon hold?

Harmon holds restricted stock units representing 2,228, 2,332, and 2,153 underlying FCBC shares. These units vest on future dates, partly by cliff vesting and partly based on performance criteria over three-year periods and continued employment.

Does Sarah W. Harmon have indirect holdings of FCBC stock?

Yes. She has an indirect position of 1,994 shares of FCBC common stock held through an Employee Stock Ownership & Savings Plan, as reported in the Form 4.

Were the FCBC trades reported by Sarah W. Harmon under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is marked in a way that does not identify these transactions as being made pursuant to a Rule 10b5-1 trading plan.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Harmon Sarah W
(Last)(First)(Middle)
PO BOX 989
(Street)
BLUEFIELD VIRGINIA 24605
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY BANKSHARES INC /VA/ [ FCBC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP & General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
COMMON STOCK08/21/2026M5,157A$3312,470D
COMMON STOCK08/21/2026S4,329D$49.21(1)8,141D
COMMON STOCK1,994IBy Employee Stock Ownership & Savings Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
STOCK OPTION$3308/21/2026M5,15703/31/2022(2)03/19/2031COMMON STOCK5,157$00D
RESTRICTED STOCK UNITS(3) (3) (3)COMMON STOCK2,2282,228D
RESTRICTED STOCK UNITS(4) (4) (4)COMMON STOCK2,3322,332D
RESTRICTED STOCK UNITS(5) (5) (5)COMMON STOCK2,1532,153D
Explanation of Responses:
1. Sold 3,742 shares @ $49.20, 105 shares @ $49.21, 238 shares @ $49.22, 147 shares @ $49.23, and 97 shares @ $49.55.
2. Stock options vest in three equal installments over three years beginning with 03/31/2022.
3. 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 29, 2027 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2027 and the continued employment of the reporting person.
4. 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. 30% of the restricted stock units cliff vest on May 28, 2028, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2028. All vesting is contingent upon the continued employment of the reporting person.
5. 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. 30% of the restricted stock units cliff vest on May 27, 2029, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2029. All vesting is contingent upon the continued employment of the reporting person.
/s/ Sarah W. Harmon08/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR