Form 4: F&M Bank Corp Director Acquires Additional Shares Through Quarterly Retainer

Dean W. Withers, a director of F&M Bank Corp, acquired 301 shares of common stock on December 19, 2024, through a quarterly retainer.

Summary

• On December 19, 2024, Dean W. Withers, a director of F&M Bank Corp, acquired 301 shares of common stock.
• The shares were acquired at a price of $19.9 per share.
• The acquisition was made through the proceeds of a quarterly retainer.
• Following the transaction, Withers directly owns 50,496.71 shares of F&M Bank Corp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a routine acquisition of shares as part of a director's compensation. It doesn't necessarily indicate strong positive or negative sentiment.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

Directors often receive shares as part of their compensation or purchase shares to align their interests with those of shareholders. This is a common practice in the banking industry.

Comparison to Industry Standards

• Director share ownership is common across publicly traded banks.
• Comparing Withers' ownership to directors at similar-sized community banks (e.g., Southern First Bancshares, Atlantic Union Bankshares) would provide context.
• Industry benchmarks for director equity ownership as a percentage of outstanding shares can be used for comparison.

Related Party Transactions

• The acquisition of shares via a quarterly retainer constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders.
• It slightly increases the director's alignment with shareholder interests.

Key Dates