First Community Bankshares (NASDAQ: FCBC) director exercises 928 RSUs and receives new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Bankshares Inc. director Samuel L. Elmore exercised equity awards and received a new grant. On May 28, 2026, 928 restricted stock units converted into 928 shares of common stock at $0.00 per share as they vested, bringing his direct common stock holdings to 19,864 shares.
On May 27, 2026, Elmore was granted 842 new restricted stock units, each representing a contingent right to one share of common stock or its cash value, vesting in one installment on May 27, 2027. He also holds stock options covering 3,958 shares of common stock at an exercise price of $33.00 per share, expiring on March 19, 2031, which vest in three equal annual installments beginning March 31, 2022.
Positive
- None.
Negative
- None.
Insider Trade Summary
928 shares exercised/converted
Mixed
4 txns
Insider
Elmore Samuel L
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 | -- | -- | -- |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 0 shares (Direct, null);
COMMON STOCK — 19,864 shares (Direct, null);
STOCK OPTION — 3,958 shares (Direct, null)
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. 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
Common shares held: 19,864 shares
New RSU grant: 842 units
+2 more
5 metrics
RSUs exercised
928 shares
Restricted stock units converted to common stock on May 28, 2026
Common shares held
19,864 shares
Direct holdings after transactions on May 28, 2026
New RSU grant
842 units
Restricted stock units granted on May 27, 2026, vesting May 27, 2027
Stock option exercise price
$33.00/share
Options on 3,958 underlying common shares expiring March 19, 2031
Option underlying shares
3,958 shares
Underlying common stock for outstanding options, direct ownership
Key Terms
restricted stock unit, stock options, derivative security, contingent right, +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 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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"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."
vest financial
"The restricted stock units vested on May 28, 2026."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transactions did Samuel L. Elmore report in FCBC stock?
Samuel L. Elmore reported exercising 928 restricted stock units into common stock and receiving a new grant of 842 restricted stock units. He also reported continuing to hold stock options tied to 3,958 shares of First Community Bankshares common stock.
What restricted stock units were granted to Samuel L. Elmore by FCBC?
On May 27, 2026, Samuel L. Elmore was granted 842 restricted stock units. Each unit is a contingent right to receive one share of First Community Bankshares common stock, or its cash value, and will vest in a single installment on May 27, 2027.
What equity awards did Samuel L. Elmore exercise in this FCBC Form 4?
Elmore exercised 928 restricted stock units, which converted into 928 shares of First Community Bankshares common stock at a price of $0.00 per share. The footnotes explain these units vested on May 28, 2026, triggering the conversion into common stock.