Form 4: Director Richard Scott Johnson Reports Stock Transaction in First Community Bankshares Inc.
SEC Form 4 Filing
Director Richard Scott Johnson reported the vesting of restricted stock units and subsequent ownership of First Community Bankshares Inc. common stock.
Summary
- On May 23, 2024, Richard Scott Johnson, a director of First Community Bankshares Inc., reported a transaction involving the vesting of 1,233 restricted stock units.
- These restricted stock units convert into shares of First Community Bankshares Inc. common stock or their cash equivalent, at Johnson's discretion.
- Following the transaction, Johnson directly owns 31,283 shares of common stock and indirectly owns 26,550 shares jointly with his spouse.
- Johnson also holds options for 3,958 shares of common stock, which vest in three equal installments starting March 31, 2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Start date for vesting of stock options in three equal installments over three years. |
| 05/23/2024 | Date of transaction: vesting of restricted stock units. |
| 03/19/2031 | Expiration date of stock options. |
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