First Community Bankshares (FCBC) SVP gains 3,132 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Bankshares Inc. senior vice president and Chief Administrative Officer Jason R. Belcher received a compensation-related grant of 2,153 restricted stock units (RSUs) on May 27, 2026, each representing a right to one share of common stock or its cash value, subject to future vesting and performance conditions.
On May 26, 2026, 3,132 RSUs cliff vested and were converted into 3,132 shares of common stock based on performance over the three years ending March 31, 2026 and his continued employment. Of these shares, 1,515 were withheld at $42.38 per share to cover tax obligations, a non-market disposition, leaving 18,502 shares held directly.
Belcher also holds 5,312 shares indirectly through the company’s 401(k) Employee Stock Ownership & Savings Plan, reflecting nondiscretionary company contributions and dividend reinvestment, and continues to hold additional performance-based RSUs scheduled to vest between 2027 and 2029, contingent on future performance and continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,132 shares exercised/converted
Mixed
7 txns
Insider
BELCHER JASON R
Role
SVP-Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK UNITS | 2,153 | $0.00 | -- |
| Exercise | RESTRICTED STOCK UNITS | 3,132 | $0.00 | -- |
| Exercise | COMMON STOCK | 3,132 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 1,515 | $42.38 | $64K |
| holding | RESTRICTED STOCK UNITS | -- | -- | -- |
| holding | RESTRICTED STOCK UNITS | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 2,153 shares (Direct, null);
COMMON STOCK — 20,017 shares (Direct, null);
COMMON STOCK — 5,312 shares (Indirect, By Employee Stock Ownership & Savings Plan)
Footnotes (1)
- Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock. The restricted stock units cliff vested on May 26, 2026 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2026 and the continued employment of the reporting person. Shares were acquired due to nondiscretionary company contribution and allocation under 401(k) plan as well as quarterly dividend reinvestment. 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. 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. 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.
Key Figures
RSUs granted: 2,153 units
RSUs exercised: 3,132 units
Shares withheld for taxes: 1,515 shares at $42.38
+4 more
7 metrics
RSUs granted
2,153 units
Grant of restricted stock units on May 27, 2026
RSUs exercised
3,132 units
RSUs converted to common stock on May 26, 2026
Shares withheld for taxes
1,515 shares at $42.38
Tax-withholding disposition on May 26, 2026
Direct common shares held
18,502 shares
Direct ownership after transactions
Indirect 401(k) shares
5,312 shares
Held via Employee Stock Ownership & Savings Plan
Remaining RSUs (block 1)
2,332 underlying shares
Performance-based RSUs, direct ownership
Remaining RSUs (block 2)
2,427 underlying shares
Performance-based RSUs, direct ownership
Key Terms
restricted stock units, cliff vested, tax-withholding disposition, 401(k) plan, +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.
cliff vested financial
"The restricted stock units cliff vested on May 26, 2026 based on performance"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
401(k) plan financial
"nondiscretionary company contribution and allocation under 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
dividend reinvestment financial
"as well as quarterly dividend reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
What did FCBC executive Jason Belcher receive in this Form 4 filing?
Jason Belcher received a grant of 2,153 restricted stock units as compensation. Each RSU represents a right to one First Community Bankshares common share or its cash value, subject to future vesting and performance-based conditions through 2029.
What performance-based RSUs does Jason Belcher still hold at FCBC?
Belcher continues to hold performance-based restricted stock units tied to underlying common shares of 2,332 and 2,427. These RSUs vest between 2027 and 2029, contingent on First Community Bankshares meeting performance criteria and his continued employment.