First Community Bankshares (FCBC) director exercises RSUs and receives new grant

Rhea-AI Filing Summary

First Community Bankshares director Richard Scott Johnson reported equity compensation activity. On May 28, 2026, 928 restricted stock units vested and converted into 928 shares of common stock, increasing his directly held common stock to 56,309 shares. This was an exercise or conversion of a derivative award, not an open‑market purchase.

On May 27, 2026, he also received a new grant of 842 restricted stock units, which each represent a contingent right to one share of common stock or its cash value and are scheduled to vest in a single installment on May 27, 2027. Johnson continues to hold stock options covering 3,958 shares of common stock at an exercise price of $33.00 per share, expiring on March 19, 2031.

Insights

Equity compensation analyst

Director’s Form 4 shows routine equity vesting and a new RSU grant.

The filing indicates that Richard Scott Johnson, a director of First Community Bankshares, had 928 restricted stock units vest into the same number of common shares and received a new 842-unit RSU award. These are compensation-related events rather than open-market trades.

He now directly holds 56,309 common shares plus options over 3,958 shares at an exercise price of $33.00, expiring in 2031. The new RSUs vest on May 27, 2027. Overall, these transactions modestly increase his equity exposure and appear to be part of standard director compensation programs.

Insider Trade Summary

928 shares exercised/converted

Mixed 5 txns

Insider Johnson Richard Scott

Role null

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS	928	$0.00	--
Exercise	COMMON STOCK	928	$0.00	--
Grant/Award	RESTRICTED STOCK UNITS	842	$0.00	--
holding	STOCK OPTION	--	--	--
holding	COMMON STOCK	--	--	--

Holdings After Transaction: RESTRICTED STOCK UNITS — 0 shares (Direct, null); COMMON STOCK — 56,309 shares (Direct, null); STOCK OPTION — 3,958 shares (Direct, null)

Footnotes (1)

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. Shares were transferred from joint account to individual account. Owned jointly with spouse. 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 converted to common: 928 shares Common shares held: 56,309 shares New RSU grant: 842 units +5 more

8 metrics

RSUs converted to common 928 shares Restricted stock units vested and converted on May 28, 2026

Common shares held 56,309 shares Directly held after transactions

New RSU grant 842 units Granted on May 27, 2026, vesting May 27, 2027

Stock options underlying shares 3,958 shares Underlying common stock for outstanding options

Option exercise price $33.00 per share Exercise price of stock options expiring March 19, 2031

Option expiration March 19, 2031 Expiration date for 3,958-share option grant

RSU vesting date May 28, 2026 Date 928 RSUs vested into common stock

Future RSU vesting date May 27, 2027 Scheduled vesting for 842 newly granted RSUs

Key Terms

restricted stock units, stock option, exercise or conversion of derivative security, grant, award, or other acquisition

4 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.

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.

exercise or conversion of derivative security financial

"Transaction code M is described as Exercise or conversion of derivative security."

grant, award, or other acquisition financial

"Transaction code A is described as Grant, award, or other acquisition for restricted stock units."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Johnson Richard Scott

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	05/28/2026		M		928	A	(1)	56,309(2)	D
COMMON STOCK								3,450(2)	D(3)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
STOCK OPTION	$33							03/31/2022(4)	03/19/2031	COMMON STOCK	3,958		3,958	D
RESTRICTED STOCK UNITS	(1)	05/28/2026		M			928	(1)	(1)	COMMON STOCK	928	$0	0	D
RESTRICTED STOCK UNITS	(5)	05/27/2026		A		842		(5)	(5)	COMMON STOCK	842	$0	842	D

Explanation of Responses:

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.

2. Shares were transferred from joint account to individual account.

3. Owned jointly with spouse.

4. Stock options vest in three equal installments over three years beginning with 03/31/2022.

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. The restricted stock units vest in one installment on May 27, 2027.

	Richard Scott Johnson by: Sarah W. Harmon (His Attorney-in-Fact)	05/29/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did FCBC director Richard Scott Johnson report in this Form 4?

Richard Scott Johnson reported vesting of 928 restricted stock units into 928 shares of First Community Bankshares common stock and a new grant of 842 restricted stock units, along with updated holdings of common shares and stock options as of late May 2026.

Did Richard Scott Johnson buy or sell FCBC shares on the open market?

No open-market purchases or sales were reported. Johnson’s Form 4 shows 928 restricted stock units converting into common stock and a grant of 842 new restricted stock units, which are compensation-related equity awards rather than market trades in FCBC shares.

How many First Community Bankshares shares does Richard Scott Johnson hold after these transactions?

Following the reported transactions, Richard Scott Johnson directly holds 56,309 shares of First Community Bankshares common stock. He also has stock options covering 3,958 underlying common shares at a $33.00 exercise price, plus 842 unvested restricted stock units awarded on May 27, 2026.

What are the key terms of Richard Scott Johnson’s FCBC stock options?

Johnson holds stock options tied to 3,958 shares of First Community Bankshares 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 installments beginning March 31, 2022, according to the footnotes.

When do Richard Scott Johnson’s newly granted FCBC restricted stock units vest?

The 842 restricted stock units granted to Richard Scott Johnson on May 27, 2026 vest in a single installment on May 27, 2027. Each unit represents a right to receive one share of First Community Bankshares common stock or its cash value at his election upon vesting.