FCBC director adds shares via RSU vesting
First Community Bankshares director C. William Davis reported equity compensation activity rather than open‑market trading.
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Form Type
4
Rhea-AI Filing Summary
First Community Bankshares director C. William Davis reported equity compensation activity rather than open‑market trading. On May 28, 2026, 928 restricted stock units vested and converted into 928 shares of common stock, increasing his directly held common stock to 17,641 shares.
On May 27, 2026, he received a grant of 842 restricted stock units, each representing one future share or its cash value, scheduled to vest in a single installment on May 27, 2027. He also holds stock options for 3,958 shares at an exercise price of $33.00 per share expiring March 19, 2031, 5,805 phantom stock units tied to common stock value, and 3,176 common shares held indirectly through an IRA.
Insider Trade Summary
928 shares exercised/converted
Exercise
6 txns
Insider
DAVIS C WILLIAM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNITS | 928 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 928 | $0.00 | $0.00 |
| Grant/Award | RESTRICTED STOCK UNITS | 842 | $0.00 | $0.00 |
| holding | PHANTOM STOCK | -- | -- | -- |
| holding | STOCK OPTION | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 842 contracts (Direct);
COMMON STOCK — 17,641 shares (Direct);
PHANTOM STOCK — 5,805 contracts (Indirect, By FCB Director Deferred Compensation Plan);
STOCK OPTION — 3,958 contracts (Direct);
COMMON STOCK — 3,176 shares (Indirect, IRA)
Footnotes (5)
- F1. Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock. The restricted stock units vested on May 28, 2026.
- F2. Shares also increased due to quarterly dividend reinvestment.
- F3. Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director.
- F4. Stock options vest in three equal installments over three years beginning with 03/31/2022.
- 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. The restricted stock units vest in one installment on May 27, 2027.
Key Figures
RSUs vested: 928 shares
Direct common shares after vesting: 17,641 shares
New RSU grant: 842 units
+4 more
7 metrics
RSUs vested
928 shares
Restricted stock units converted to common stock on May 28, 2026
Direct common shares after vesting
17,641 shares
Direct FCBC common stock holdings following RSU conversion
New RSU grant
842 units
Restricted stock units granted on May 27, 2026, vesting May 27, 2027
Stock option position
3,958 shares at $33.00
Option on FCBC common stock expiring March 19, 2031
Phantom stock units
5,805 units
Economically equivalent to FCBC common stock, payable at director service termination
IRA common shares
3,176 shares
Indirect FCBC common stock holdings through an IRA
Exercise count
1 transaction, 928 shares
Derivative exercise or conversion events summarized in the filing
Key Terms
restricted stock units, phantom stock, stock options, IRA, +1 more
5 terms
restricted stock units financial
"Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock."
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.
phantom stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
stock options financial
"Stock options vest in three equal installments over three years beginning with 03/31/2022."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
IRA financial
"COMMON STOCK holding entry shows 3,176.0000 shares with nature of ownership "IRA"."
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
director deferred compensation plan financial
"By FCB Director Deferred Compensation Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did C. William Davis report for FCBC?
C. William Davis reported equity compensation events, not market trades. 928 restricted stock units vested into common stock on May 28, 2026, and he received a grant of 842 restricted stock units on May 27, 2026, scheduled to vest in 2027.
Did the FCBC insider Form 4 show any open-market stock purchases or sales?
The Form 4 shows no open-market purchases or sales. It reports restricted stock units vesting into 928 common shares and a new 842-unit restricted stock grant, along with updated holdings in stock options, phantom stock, and IRA shares.
What new restricted stock units did the FCBC director receive and when do they vest?
Davis received 842 restricted stock units on May 27, 2026. Each unit represents a right to one FCBC common share or its cash value, and, according to the disclosure, the entire grant vests in one installment on May 27, 2027.
What derivative positions in FCBC does C. William Davis hold after the Form 4?
The filing shows a stock option for 3,958 shares of FCBC common stock at an exercise price of $33.00, expiring March 19, 2031, and 5,805 phantom stock units. Each phantom unit is economically equivalent to one FCBC common share and becomes payable upon his director service termination.
How did restricted stock unit vesting affect FCBC insider ownership?
Vesting of 928 restricted stock units on May 28, 2026 converted into 928 FCBC common shares. This increased Davis’s directly held common stock to 17,641 shares while reducing those specific restricted stock units to zero, reflecting routine equity compensation settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
