Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-19

First Community Bankshares Inc (FCBC)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,438,402
Gary Mills total, FY2025
Presidenthighest-paid officer; CEO William Stafford: $1,122,497
22nd
CEO (William Stafford) pay percentile vs peers
22:1
CEO-to-median pay ratio
96.88%
Say-on-pay support, latest vote
Companies that benchmark against FCBC
9 companies name FCBC as a compensation peer

Each company listed discloses FCBC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FCBC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Gary Mills$665,935$0$194,679$0$421,359$43,341$113,088$1,438,402
President
William Stafford499,6120146,0380316,02076,20384,6241,122,497
Chief Executive Officer
David Brown349,919088,8960221,42621,19452,536733,971
Chief Financial Officer
Jason Belcher349,919088,8960221,4263,12847,456710,825
Chief Operating Officer
Sarah Harmon349,919088,8960221,426043,221703,462
Chief Administrative Officer, General Counsel, and Corporate Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Gary Mills$1,438,402$1,157,723$1,309,293+280,679
William Stafford1,122,497855,7861,200,029+266,711
David Brown733,971573,924687,560+160,047
Jason Belcher710,825568,084590,463+142,741
Sarah Harmon703,462517,002522,762+186,460

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Derek A. BonnettChief Risk Officer2026-05-26A2,151CommonForm 4 ↗
Jason BelcherSVP-Chief Admin Officer2026-05-26D1,5154264,206CommonForm 4 ↗
Jason BelcherSVP-Chief Admin Officer2026-05-26A2,15300Derivative, Class A CommonForm 4 ↗
William P. Stafford IIChief Executive Officer2026-05-26A3,69000Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-05-26A7,394CommonForm 4 ↗
Sarah HarmonSVP & General Counsel2026-05-26D2,87600Derivative, Class A CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26A3,132CommonForm 4 ↗
Derek A. BonnettChief Risk Officer2026-05-26D2,15100Derivative, Class A CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26A2,0334386,870Derivative, Class A CommonForm 4 ↗
Sarah HarmonSVP & General Counsel2026-05-26A2,876CommonForm 4 ↗
William P. Stafford IIChief Executive Officer2026-05-26D1,8504278,403CommonForm 4 ↗
Jason BelcherSVP-Chief Admin Officer2026-05-26A3,132CommonForm 4 ↗
William P. Stafford IIChief Executive Officer2026-05-26D5,54600Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-05-261,7561 insider, 1 accrual row
Derek A. BonnettChief Risk Officer2026-05-26D1,3424256,874CommonForm 4 ↗
William P. Stafford IIChief Executive Officer2026-05-26A5,546CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26A2,15300Derivative, Class A CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26D3,13200Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-05-26D7,39400Derivative, Class A CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26D3,13242132,734CommonForm 4 ↗
Sarah HarmonSVP & General Counsel2026-05-26D1,5354265,053CommonForm 4 ↗
Gary R. MillsPresident2026-05-26A4,91700Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-05-26D3,35442142,143CommonForm 4 ↗
Jason BelcherSVP-Chief Admin Officer2026-05-26D3,13200Derivative, Class A CommonForm 4 ↗
Sarah HarmonSVP & General Counsel2026-05-26A2,15300Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-05-2710,5726 insiders, 12 accrual rows
C. William DavisDirector2026-05-27A928CommonForm 4 ↗
Samuel L. ElmoreDirector2026-05-27A928CommonForm 4 ↗
Richard S. JohnsonDirector2026-05-27A928CommonForm 4 ↗
Dividend-equivalent accruals2026-05-285,3103 insiders, 6 accrual rows
Harriet B. PriceDirector2026-05-28A928CommonForm 4 ↗
M. Adam SarverDirector2026-05-28A928CommonForm 4 ↗
Beth A. TaylorDirector2026-05-28D9284339,440CommonForm 4 ↗
Beth A. TaylorDirector2026-05-28A928CommonForm 4 ↗
Gary R. MillsPresident2026-07-28D3,50000Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-07-28D3,50048166,849CommonForm 4 ↗
Gary R. MillsPresident2026-07-28A3,50033115,500CommonForm 4 ↗
Gary R. MillsPresident2026-07-28A8652521,322CommonForm 4 ↗
Dividend-equivalent accruals2026-07-288651 insider, 1 accrual row

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 55 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Derek A. BonnettChief Risk Officer2026-05-26A2,151CommonForm 4 ↗
Jason BelcherSVP-Chief Admin Officer2026-05-26D1,5154264,206CommonForm 4 ↗
Jason BelcherSVP-Chief Admin Officer2026-05-26A2,15300Derivative, Class A CommonForm 4 ↗
William P. Stafford IIChief Executive Officer2026-05-26A3,69000Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-05-26A7,394CommonForm 4 ↗
Sarah HarmonSVP & General Counsel2026-05-26D2,87600Derivative, Class A CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26A3,132CommonForm 4 ↗
Derek A. BonnettChief Risk Officer2026-05-26D2,15100Derivative, Class A CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26A2,0334386,870Derivative, Class A CommonForm 4 ↗
Sarah HarmonSVP & General Counsel2026-05-26A2,876CommonForm 4 ↗
William P. Stafford IIChief Executive Officer2026-05-26D1,8504278,403CommonForm 4 ↗
Jason BelcherSVP-Chief Admin Officer2026-05-26A3,132CommonForm 4 ↗
William P. Stafford IIChief Executive Officer2026-05-26D5,54600Derivative, Class A CommonForm 4 ↗
Derek A. BonnettChief Risk Officer2026-05-26A1,75600Derivative, Class A CommonForm 4 ↗
Derek A. BonnettChief Risk Officer2026-05-26D1,3424256,874CommonForm 4 ↗
William P. Stafford IIChief Executive Officer2026-05-26A5,546CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26A2,15300Derivative, Class A CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26D3,13200Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-05-26D7,39400Derivative, Class A CommonForm 4 ↗
David BrownChief Financial Officer2026-05-26D3,13242132,734CommonForm 4 ↗
Sarah HarmonSVP & General Counsel2026-05-26D1,5354265,053CommonForm 4 ↗
Gary R. MillsPresident2026-05-26A4,91700Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-05-26D3,35442142,143CommonForm 4 ↗
Jason BelcherSVP-Chief Admin Officer2026-05-26D3,13200Derivative, Class A CommonForm 4 ↗
Sarah HarmonSVP & General Counsel2026-05-26A2,15300Derivative, Class A CommonForm 4 ↗
C. William DavisDirector2026-05-27A87700Derivative, Class A CommonForm 4 ↗
Samuel L. ElmoreDirector2026-05-27A87700Derivative, Class A CommonForm 4 ↗
Richard S. JohnsonDirector2026-05-27D92800Derivative, Class A CommonForm 4 ↗
C. William DavisDirector2026-05-27D92800Derivative, Class A CommonForm 4 ↗
M. Adam SarverDirector2026-05-27A87700Derivative, Class A CommonForm 4 ↗
C. William DavisDirector2026-05-27A928CommonForm 4 ↗
Harriet B. PriceDirector2026-05-27A87700Derivative, Class A CommonForm 4 ↗
Richard S. JohnsonDirector2026-05-27A84200Derivative, Class A CommonForm 4 ↗
Samuel L. ElmoreDirector2026-05-27D92800Derivative, Class A CommonForm 4 ↗
Samuel L. ElmoreDirector2026-05-27A84200Derivative, Class A CommonForm 4 ↗
C. William DavisDirector2026-05-27A84200Derivative, Class A CommonForm 4 ↗
Beth A. TaylorDirector2026-05-27A87700Derivative, Class A CommonForm 4 ↗
Richard S. JohnsonDirector2026-05-27A87700Derivative, Class A CommonForm 4 ↗
Samuel L. ElmoreDirector2026-05-27A928CommonForm 4 ↗
Richard S. JohnsonDirector2026-05-27A928CommonForm 4 ↗
M. Adam SarverDirector2026-05-28D92800Derivative, Class A CommonForm 4 ↗
Harriet B. PriceDirector2026-05-28A928CommonForm 4 ↗
Beth A. TaylorDirector2026-05-28A84200Derivative, Class A CommonForm 4 ↗
Harriet B. PriceDirector2026-05-28A84200Derivative, Class A CommonForm 4 ↗
M. Adam SarverDirector2026-05-28A928CommonForm 4 ↗
Beth A. TaylorDirector2026-05-28D92800Derivative, Class A CommonForm 4 ↗
Beth A. TaylorDirector2026-05-28D9284339,440CommonForm 4 ↗
Beth A. TaylorDirector2026-05-28A928CommonForm 4 ↗
Harriet B. PriceDirector2026-05-28D92800Derivative, Class A CommonForm 4 ↗
M. Adam SarverDirector2026-05-28A84200Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-07-28D3,50000Derivative, Class A CommonForm 4 ↗
Gary R. MillsPresident2026-07-28D3,50048166,849CommonForm 4 ↗
Gary R. MillsPresident2026-07-28A3,50033115,500CommonForm 4 ↗
Gary R. MillsPresident2026-07-28A8652521,322CommonForm 4 ↗
Gary R. MillsPresident2026-07-28D86500Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David BrownRSU2025-05-281,632$62,212
David BrownRSU2025-05-2870026,684
Jason BelcherRSU2025-05-2870026,684
Sarah HarmonRSU2025-05-281,63262,212
William StaffordRSU2025-05-281,15043,838
Sarah HarmonRSU2025-05-2870026,684
Jason BelcherRSU2025-05-281,63262,212
Gary MillsRSU2025-05-281,15358,438
William StaffordRSU2025-05-282,681102,200
Gary MillsRSU2025-05-283,574136,241
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
David Brown$88,896$0$00.0%
Jason Belcher88,896000.0%
Sarah Harmon88,896000.0%
William Stafford146,038000.0%
Gary Mills194,679000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Sarah HarmonPSU1,632$55,047
William StaffordPSU2,68190,430
Gary MillsPSU7,394249,400
Gary MillsRSU6,436242,702
Gary MillsPSU3,574120,551
David BrownRSU2,727102,835
Sarah HarmonPSU2,87697,007
Sarah HarmonRSU70023,611
David BrownRSU70023,611
David BrownPSU2,42781,863
David BrownPSU1,63255,047
Jason BelcherPSU1,63255,047
Jason BelcherRSU70023,611
Jason BelcherRSU2,727102,835
Jason BelcherPSU2,42781,863
William StaffordRSU4,827182,026
William StaffordPSU5,546187,067
William StaffordPSU4,296144,904
Sarah HarmonPSU2,22875,150
David BrownPSU3,132105,642
Sarah HarmonRSU2,50394,388
Jason BelcherPSU3,132105,642
Gary MillsRSU1,15351,708
William StaffordRSU1,15038,790
Gary MillsPSU5,728193,205
05

Incentive-plan design — the Compensation Discussion & Analysis

The overall objectives of the executive compensation program are to align the long-term interests of our named executive officers and other executives as closely as possible with those of shareholders and to motivate high performing executives to continue with the Corporation for long, productive careers. In doing so, the CRC seeks to balance competitive compensation opportunities with disciplined cost management, appropriate risk-taking, and long-term value creation.

CEO STI target (% of salary)40%
CEO LTI target (% of salary)
Independent consultantAon plc (Human Capital Solutions practice)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-289,446,382247,93156,14096.88%Passed
20252025-04-2210,984,137275,11151,70797.11%Passed
20242024-04-2311,066,203177,87287,84198.42%Passed
20232023-05-238,793,771200,18751,64897.77%Passed
20222022-04-269,144,888353,76742,63296.28%Passed
20212021-04-277,384,2222,174,285132,89277.25%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2896.88%a
20252025-04-2297.11%b
20242024-04-2398.42%c

a. Approved under the standard stated in the filing — “Except as stated above regarding the presence of a quorum, abstentions and broker non-votes will have no effect on proposals 1, 2 and 3, but will have the effect of a vote against proposal 4.”.

b. Approved under the standard stated in the filing — “Except as stated above regarding the presence of a quorum, abstentions and broker non-votes will have no effect on proposals 1, 2 and 3, but will have the effect of a vote against proposal 4.”.

c. Approved under the standard stated in the filing — “Except as stated above regarding the presence of a quorum, abstentions and broker non-votes will have no effect on any of the proposals set forth in this proxy statement.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)22 : 1
CEO total compensation$1,122,497
Median employee compensation$51,062
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Samuel L. ElmoreIndependent · Lead Independent Director · Audit and Compliance · Compensation and Retirement · Executive · Governance and Nominating · Asset/Liability Management Committee (Chair) · Loan Committee$92,920$35,375$0$0$136,723
Richard S. JohnsonIndependent · Audit and Compliance (Chair) · Compensation and Retirement · Executive · Asset/Liability Management Committee82,62035,37500126,073
M. Adam SarverIndependent · Audit and Compliance · Executive · Governance and Nominating · Asset/Liability Management Committee · Information Systems Steering Committee (Chair) · Loan Committee75,73335,37500111,108
C. William DavisIndependent · Compensation and Retirement (Chair) · Executive · Governance and Nominating · Trust Committee47,05735,3750089,455
Harriet B. PriceIndependent · Audit and Compliance · Executive · Governance and Nominating (Chair)52,12835,3750087,503
Beth A. TaylorIndependent · Audit and Compliance · Executive · Trust Committee50,06735,3750085,442
Gary R. MillsEmployee director · Executive · Asset/Liability Management Committee · Information Systems Steering Committee00000
William P. Stafford, IIEmployee director · Board Chair · Executive (Chair) · Loan Committee (Chair) · Asset/Liability Management Committee · Information Systems Steering Committee · Trust Committee00000
09

Board fee structure and ownership guideline

Annual cash retainer$34,988
Annual equity retainer$34,988
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)14,361 / 2,826 / 2,826
Stock ownership guidelineStock Ownership Policy requires all directors, named executive officers, and other members of the Executive Management Team to hold all shares received...
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$400,525
Equity awards (grant-date value)$212,250
All other compensation$0
Total cost of the board$612,775

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies First Community Bankshares Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including First Community Bankshares Inc.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1MVB Financial Corp2025Larry Mazza$850,000$600,368$0$1,381,208$5,056,856
2Orrstown Financial Services2025Thomas R. Quinn, Jr.812,317599,9690549,0544,222,617
3Civista Bancshares Inc.2025Dennis Shaffer573,657166,2460258,1462,894,036
4Lakeland Financial Corp.2025David Findlay739,6541,304,5820393,1282,473,892
5Mid Penn Bancorp Inc.2025Rory Ritrievi773,077257,2000334,4002,209,726
6German American Bancorp Inc.2025D. Neil Dauby770,000517,4640602,5252,068,536
7Horizon Bancorp Inc.2025Thomas Prame685,000569,9730601,0881,965,115
8City Holding Co.2025Charles Hageboeck699,000404,8670796,8601,922,194
9ACNB Corp.2025James Helt593,569319,193001,825,912
10Shore Bancshares Inc.2025James Burke700,000524,9780397,7171,772,098
11SmartFinancial Inc.2025William Carroll, Jr.657,297476,7570509,4331,717,633
12Farmers National Banc Corp.2025Kevin Helmick686,850331,9130536,2501,644,243
13Community Trust Bancorp Inc.2025Mark Gooch721,962137,0900740,4001,639,760
14CNB Financial Corp.2025Michael D. Peduzzi653,993270,6720309,2731,500,484
15HomeTrust Bancshares Inc.2025C. Hunter Westbrook675,769349,4000422,5301,487,191
16C&F Financial Corp.2025Thomas Cherry600,000296,8040305,0001,471,984
17Carter Bankshares2025Litz Van Dyke703,114300,0300183,3001,355,859
18Citizens Financial Services2025Randall Black675,00089,969001,212,643
19Southern First Bancshares Inc2025R. Arthur Seaver, Jr.515,000204,608001,146,832
20First Community Bankshares Inc2025William Stafford499,612146,0380316,0201,122,497
21Peoples Financial Services2025Gerard Champi557,000162,4000204,0201,068,323
22Citizens & Northern Corp.2025J. Bradley Scovill605,000118,3940248,8381,041,499
23Colony Bankcorp Inc.2025T. Heath Fountain535,000129,573001,008,595
24Farmers & Merchants Bancorp2025Lars Eller519,841109,1480283,573969,335
25First Financial Corp.2025Thomas Zernick358,82747,79000428,085

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
First Community Bankshares Inc85.61%PSU 70 · RSU 30NoAon plc (Human Capital Solutions practice)
ACNB Corp.not disclosedRSU 100NoBlanchard Consulting Group
C&F Financial Corp.113%RSU 100NoMeridian Compensation Partners
Carter Bankshares67%PSU 50 · RSU 50Yes — Total Shareholder Return (TSR)Arthur J. Gallagher & Co.
Citizens & Northern Corp.141.4%RSU 50 · PSU 50NoPearl Meyer & Partners, LLC
Citizens Financial Servicesnot disclosedCash LTI 70 · RSU 30NoBlanchard Consulting Group
City Holding Co.114%PSU 60 · RSU 40NoMcLagan
Civista Bancshares Inc.74%RSU 100not disclosedBlanchard Consulting Group
CNB Financial Corp.47.29%PSU 50 · RSU 50NoMeridian Compensation Partners, LLC
Colony Bankcorp Inc.not disclosedRSU 100not disclosednot disclosed
Community Trust Bancorp Inc.75%Cash LTI 100NoPearl Meyer
Farmers & Merchants Bancorpnot disclosedStock Awards 100not disclosednot disclosed
Farmers National Banc Corp.150%PSU 50 · RSU 25 · Cash LTI 25NoAon
First Financial Corp.not disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
German American Bancorp Inc.67%RSU 100NoBCG
HomeTrust Bancshares Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Horizon Bancorp Inc.not disclosednot disclosednot disclosedPearl Meyer
Lakeland Financial Corp.106%PSU 60 · RSU 40NoPearl Meyer & Partners
Mid Penn Bancorp Inc.104.5%RSU 100not disclosedMeridian Compensation Partners
MVB Financial Corp216.66%PSU 50 · RSU 50NoPay Governance LLC
Orrstown Financial Services67%RSU 50 · PSU 50NoAon
Peoples Financial Services104%PSU 50 · RSU 50NoPearl Meyer & Partners, LLC
Shore Bancshares Inc.113.63%PSU 50 · RSU 50NoAon
SmartFinancial Inc.127.3%RSU 100NoBlanchard Consulting Group
Southern First Bancshares Incnot disclosedRSU 100not disclosedMcLagan (Aon Company)

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Gary MillsDEF 14A2026-03-110001437749-26-007698Section “2025 Summary Compensation Table” · page 29. As printed: 1,438,402. Filing ↗machine: r12 · c29 · span 490325–490334
2Section 01, William StaffordDEF 14A2026-03-110001437749-26-007698Section “2025 Summary Compensation Table” · page 29. As printed: 1,122,497. Filing ↗machine: span 473799–473808
3Section 01, David BrownDEF 14A2026-03-110001437749-26-007698Section “2025 Summary Compensation Table” · page 29. As printed: 733,971. Filing ↗machine: r16 · c29 · span 506840–506847
4Section 01, Jason BelcherDEF 14A2026-03-110001437749-26-007698Section “2025 Summary Compensation Table” · page 29. As printed: 710,825. Filing ↗machine: r20 · c29 · span 523359–523366
5Section 01, Sarah HarmonDEF 14A2026-03-110001437749-26-007698Section “2025 Summary Compensation Table” · page 29. As printed: 703,462. Filing ↗machine: r24 · c29 · span 539873–539880
6Section 03, David Brown RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r17 · c19 · span 714479–714484
7Section 03, David Brown RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r18 · c23 · span 718959–718962
8Section 03, Jason Belcher RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r22 · c23 · span 734567–734570
9Section 03, Sarah Harmon RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r25 · c19 · span 745694–745699
10Section 03, William Stafford RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r10 · c27 · span 688241–688247
11Section 03, Sarah Harmon RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r26 · c23 · span 750174–750177
12Section 03, Jason Belcher RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r21 · c19 · span 730087–730092
13Section 03, Gary Mills RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r14 · c23 · span 703351–703356
14Section 03, William Stafford RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r9 · c27 · span 684223–684230
15Section 03, Gary Mills RSUDEF 14A2026-03-110001437749-26-007698Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r13 · c19 · span 698870–698875
16Section 07, pay ratioDEF 14A2026-03-110001437749-26-007698Section “CEO Pay Ratio”. As printed: 22 : 1. Filing ↗
17Section 08, Samuel L. ElmoreDEF 14A2026-03-110001437749-26-007698Section “Director Compensation”. As printed: 136,723. Filing ↗machine: t67 · r9 · c27 · span 1218287–1218294
18Section 08, Richard S. JohnsonDEF 14A2026-03-110001437749-26-007698Section “Director Compensation”. As printed: 126,073. Filing ↗machine: t67 · r10 · c27 · span 1222166–1222173
19Section 08, M. Adam SarverDEF 14A2026-03-110001437749-26-007698Section “Director Compensation”. As printed: 111,108. Filing ↗machine: t67 · r12 · c27 · span 1229909–1229916
20Section 08, C. William DavisDEF 14A2026-03-110001437749-26-007698Section “Director Compensation”. As printed: 89,455. Filing ↗machine: t67 · r8 · c27 · span 1214411–1214417
21Section 08, Harriet B. PriceDEF 14A2026-03-110001437749-26-007698Section “Director Compensation”. As printed: 87,503. Filing ↗machine: t67 · r11 · c27 · span 1226039–1226045
22Section 08, Beth A. TaylorDEF 14A2026-03-110001437749-26-007698Section “Director Compensation”. As printed: 85,442. Filing ↗machine: t67 · r13 · c27 · span 1233780–1233786
23Section 08, Gary R. MillsDEF 14A2026-03-110001437749-26-007698Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, William P. Stafford, IIDEF 14A2026-03-110001437749-26-007698Section “Director Compensation”. As printed: 0. Filing ↗
25Section 02, Derek A. Bonnett 2026-05-26Form 42026-05-280001902942-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Jason Belcher 2026-05-26Form 42026-05-280001681136-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Jason Belcher 2026-05-26Form 42026-05-280001681136-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, William P. Stafford II 2026-05-26Form 42026-05-280001199628-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Gary R. Mills 2026-05-26Form 42026-05-280001463305-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Sarah Harmon 2026-05-26Form 42026-05-280001764578-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, David Brown 2026-05-26Form 42026-05-280001361953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Derek A. Bonnett 2026-05-26Form 42026-05-280001902942-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, David Brown 2026-05-26Form 42026-05-280001361953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Sarah Harmon 2026-05-26Form 42026-05-280001764578-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, William P. Stafford II 2026-05-26Form 42026-05-280001199628-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Jason Belcher 2026-05-26Form 42026-05-280001681136-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, William P. Stafford II 2026-05-26Form 42026-05-280001199628-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Derek A. Bonnett 2026-05-26Form 42026-05-280001902942-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Derek A. Bonnett 2026-05-26Form 42026-05-280001902942-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, William P. Stafford II 2026-05-26Form 42026-05-280001199628-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, David Brown 2026-05-26Form 42026-05-280001361953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, David Brown 2026-05-26Form 42026-05-280001361953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Gary R. Mills 2026-05-26Form 42026-05-280001463305-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, David Brown 2026-05-26Form 42026-05-280001361953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Sarah Harmon 2026-05-26Form 42026-05-280001764578-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Gary R. Mills 2026-05-26Form 42026-05-280001463305-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Gary R. Mills 2026-05-26Form 42026-05-280001463305-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Jason Belcher 2026-05-26Form 42026-05-280001681136-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Sarah Harmon 2026-05-26Form 42026-05-280001764578-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, C. William Davis 2026-05-27Form 42026-06-020001649557-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Samuel L. Elmore 2026-05-27Form 42026-06-020001584326-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Richard S. Johnson 2026-05-27Form 42026-05-290001449542-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, C. William Davis 2026-05-27Form 42026-05-290001649557-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, M. Adam Sarver 2026-05-27Form 42026-06-020001649691-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, C. William Davis 2026-05-27Form 42026-05-290001649557-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Harriet B. Price 2026-05-27Form 42026-06-020001838972-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Richard S. Johnson 2026-05-27Form 42026-05-290001449542-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Samuel L. Elmore 2026-05-27Form 42026-05-290001584326-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Samuel L. Elmore 2026-05-27Form 42026-05-290001584326-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, C. William Davis 2026-05-27Form 42026-05-290001649557-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Beth A. Taylor 2026-05-27Form 42026-06-020001903388-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Richard S. Johnson 2026-05-27Form 42026-06-020001449542-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Samuel L. Elmore 2026-05-27Form 42026-05-290001584326-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Richard S. Johnson 2026-05-27Form 42026-05-290001449542-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, M. Adam Sarver 2026-05-28Form 42026-05-290001649691-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Harriet B. Price 2026-05-28Form 42026-05-290001838972-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Beth A. Taylor 2026-05-28Form 42026-05-290001903388-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Harriet B. Price 2026-05-28Form 42026-05-290001838972-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, M. Adam Sarver 2026-05-28Form 42026-05-290001649691-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Beth A. Taylor 2026-05-28Form 42026-05-290001903388-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Beth A. Taylor 2026-05-28Form 42026-05-290001903388-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Beth A. Taylor 2026-05-28Form 42026-05-290001903388-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Harriet B. Price 2026-05-28Form 42026-05-290001838972-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, M. Adam Sarver 2026-05-28Form 42026-05-290001649691-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Gary R. Mills 2026-07-28Form 42026-07-300001463305-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Gary R. Mills 2026-07-28Form 42026-07-300001463305-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Gary R. Mills 2026-07-28Form 42026-07-300001463305-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Gary R. Mills 2026-07-28Form 42026-07-300001463305-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Gary R. Mills 2026-07-28Form 42026-07-300001463305-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
80Section 06, 2026 voteForm 8-K2026-04-290001437749-26-013858Item 5.07 · say-on-pay result. As reported: 96.88% (votes for as printed: 9,446,382). Filing ↗
81Section 06, 2025 voteForm 8-K2025-04-240001437749-25-012960Item 5.07 · say-on-pay result. As reported: 97.11% (votes for as printed: 10,984,137). Filing ↗
82Section 06, 2024 voteForm 8-K2024-04-290001437749-24-013646Item 5.07 · say-on-pay result. As reported: 98.42% (votes for as printed: 11,066,203). Filing ↗
83Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
84Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
85Section 09b board cost (computed)ComputedcomputedCash 400,525 + equity 212,250 + all other 0 = 612,775, summed across the director compensation table rows.machine: formula: Σ = 612,775
86MVB Financial Corp, Section 10b CEO totalDEF 14A2026-04-070001277902-26-000048CEO total compensation as printed in MVB Financial Corp's own proxy. As printed: 5,056,856. Filing ↗machine: r2 · c27 · span 558090–558100
87Orrstown Financial Services, Section 10b CEO totalDEF 14A2026-03-270001628280-26-021726CEO total compensation as printed in Orrstown Financial Services's own proxy. As printed: 4,222,617. Filing ↗machine: t36 · r2 · c9 · span 634951–634960
88Civista Bancshares Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145510CEO total compensation as printed in Civista Bancshares Inc.'s own proxy. As printed: 2,894,036. Filing ↗machine: span 535149–535158
89Lakeland Financial Corp., Section 10b CEO totalDEF 14A2026-03-050000721994-26-000036CEO total compensation as printed in Lakeland Financial Corp.'s own proxy. As printed: 2,473,892. Filing ↗machine: span 916200–916209
90Mid Penn Bancorp Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-128769CEO total compensation as printed in Mid Penn Bancorp Inc.'s own proxy. As printed: 2,209,726. Filing ↗machine: r3 · c35 · span 723945–723954
91German American Bancorp Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-030015CEO total compensation as printed in German American Bancorp Inc.'s own proxy. As printed: 2,068,536. Filing ↗machine: span 816342–816351
92Horizon Bancorp Inc., Section 10b CEO totalDEF 14A2026-03-200000706129-26-000033CEO total compensation as printed in Horizon Bancorp Inc.'s own proxy. As printed: 1,965,115. Filing ↗machine: span 583985–583994
93City Holding Co., Section 10b CEO totalDEF 14A2026-03-270000726854-26-000092CEO total compensation as printed in City Holding Co.'s own proxy. As printed: 1,922,194. Filing ↗machine: t27 · r5 · c7 · span 511012–511021
94ACNB Corp., Section 10b CEO totalDEF 14A2026-03-300001104659-26-036515CEO total compensation as printed in ACNB Corp.'s own proxy. As printed: 1,825,912. Filing ↗machine: span 502973–502982
95Shore Bancshares Inc., Section 10b CEO totalDEF 14A2026-04-080001035092-26-000019CEO total compensation as printed in Shore Bancshares Inc.'s own proxy. As printed: 1,772,098. Filing ↗machine: r2 · c24 · span 646564–646573
96SmartFinancial Inc., Section 10b CEO totalDEF 14A2026-04-070001104659-26-040440CEO total compensation as printed in SmartFinancial Inc.'s own proxy. As printed: 1,717,633. Filing ↗machine: t125 · r5 · c14 · span 980764–980773
97Farmers National Banc Corp., Section 10b CEO totalDEF 14A2026-03-160001437749-26-008310CEO total compensation as printed in Farmers National Banc Corp.'s own proxy. As printed: 1,644,243. Filing ↗machine: r2 · c28 · span 608756–608765
98Community Trust Bancorp Inc., Section 10b CEO totalDEF 14A2026-03-180001140361-26-009965CEO total compensation as printed in Community Trust Bancorp Inc.'s own proxy. As printed: 1,639,760. Filing ↗machine: t117 · r1 · c6 · span 440283–440292
99CNB Financial Corp., Section 10b CEO totalDEF 14A2026-03-160000736772-26-000035CEO total compensation as printed in CNB Financial Corp.'s own proxy. As printed: 1,500,484. Filing ↗machine: span 677260–677269
100HomeTrust Bancshares Inc., Section 10b CEO totalDEF 14A2026-04-070001538263-26-000032CEO total compensation as printed in HomeTrust Bancshares Inc.'s own proxy. As printed: 1,487,191. Filing ↗machine: span 442986–442995
101C&F Financial Corp., Section 10b CEO totalDEF 14A2026-03-110000913341-26-000015CEO total compensation as printed in C&F Financial Corp.'s own proxy. As printed: 1,471,984. Filing ↗machine: t98 · r9 · c24 · span 962909–962918
102Carter Bankshares, Section 10b CEO totalDEF 14A2026-04-150001829576-26-000027CEO total compensation as printed in Carter Bankshares's own proxy. As printed: 1,355,859. Filing ↗machine: t13 · r2 · c7 · span 396094–396104
103Citizens Financial Services, Section 10b CEO totalDEF 14A2026-03-120001140361-26-009104CEO total compensation as printed in Citizens Financial Services's own proxy. As printed: 1,212,643. Filing ↗machine: span 524029–524038
104Southern First Bancshares Inc, Section 10b CEO totalDEF 14A2026-04-060001206774-26-000194CEO total compensation as printed in Southern First Bancshares Inc's own proxy. As printed: 1,146,832. Filing ↗machine: t89 · r1 · c9 · span 443118–443127
105First Community Bankshares Inc (subject), Section 10b CEO totalDEF 14A2026-03-110001437749-26-007698CEO total compensation as printed in First Community Bankshares Inc's own proxy. As printed: 1,122,497. Filing ↗machine: span 473799–473808
106Peoples Financial Services, Section 10b CEO totalDEF 14A2026-04-100001104659-26-041794CEO total compensation as printed in Peoples Financial Services's own proxy. As printed: 1,068,323. Filing ↗machine: t226 · r8 · c16 · span 1077916–1077925
107Citizens & Northern Corp., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027576CEO total compensation as printed in Citizens & Northern Corp.'s own proxy. As printed: 1,041,499. Filing ↗machine: r8 · c26 · span 452428–452437
108Colony Bankcorp Inc., Section 10b CEO totalDEF 14A2026-04-160001104659-26-044388CEO total compensation as printed in Colony Bankcorp Inc.'s own proxy. As printed: 1,008,595. Filing ↗machine: t35 · r3 · c17 · span 278949–278958
109Farmers & Merchants Bancorp, Section 10b CEO totalDEF 14A2026-03-240001140361-26-010915CEO total compensation as printed in Farmers & Merchants Bancorp's own proxy. As printed: 969,335. Filing ↗machine: r2 · c21 · span 457783–457790
110First Financial Corp., Section 10b CEO totalDEF 14A2026-08-190001649739-26-000069CEO total compensation as printed in First Financial Corp.'s own proxy. As printed: 428,085. Filing ↗machine: span 113957–113964
111Section 10a, HomeTrust Bancshares Inc. reciprocityDEF 14A0001538263-26-000032HomeTrust Bancshares Inc. names First Community Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
112Section 10a, City Holding Co. reciprocityDEF 14A0000726854-26-000092City Holding Co. names First Community Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
113Section 10a, Mid Penn Bancorp Inc. reciprocityDEF 14A0001193125-26-128769Mid Penn Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
114Section 10a, C&F Financial Corp. reciprocityDEF 14A0000913341-26-000015C&F Financial Corp. names First Community Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
115Section 10a, Peoples Financial Services reciprocityDEF 14A0001104659-26-041794Peoples Financial Services's most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
116Section 10a, MVB Financial Corp reciprocityDEF 14A0001277902-26-000048MVB Financial Corp's most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
117Section 10a, German American Bancorp Inc. reciprocityDEF 14A0001104659-26-030015German American Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
118Section 10a, Citizens Financial Services reciprocityDEF 14A0001140361-26-009104Citizens Financial Services's most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
119Section 10a, CNB Financial Corp. reciprocityDEF 14A0000736772-26-000035CNB Financial Corp.'s most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
120Section 10a, Community Trust Bancorp Inc. reciprocityDEF 14A0001140361-26-009965Community Trust Bancorp Inc. names First Community Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
121Section 10a, Lakeland Financial Corp. reciprocityDEF 14A0000721994-26-000036Lakeland Financial Corp.'s most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
122Section 10a, Horizon Bancorp Inc. reciprocityDEF 14A0000706129-26-000033Horizon Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
123Section 10a, Orrstown Financial Services reciprocityDEF 14A0001628280-26-021726Orrstown Financial Services names First Community Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
124Section 10a, Farmers National Banc Corp. reciprocityDEF 14A0001437749-26-008310Farmers National Banc Corp.'s most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
125Section 10a, Civista Bancshares Inc. reciprocityDEF 14A0001193125-26-145510Civista Bancshares Inc.'s most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
126Section 10a, Shore Bancshares Inc. reciprocityDEF 14A0001035092-26-000019Shore Bancshares Inc.'s most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗
127Section 10a, Carter Bankshares reciprocityDEF 14A0001829576-26-000027Carter Bankshares names First Community Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
128Section 10a, Southern First Bancshares Inc reciprocityDEF 14A0001206774-25-000204Southern First Bancshares Inc's most recent proxy was read; its disclosed peer group does not include First Community Bankshares Inc. Filing ↗