{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-013925","form_type":"8-K","ticker":"FCBC","cik":"0000859070","company_name":"FIRST COMMUNITY BANKSHARES INC /VA/","filed_at":"2022-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.954212+00:00","generated_at":"2026-06-25T06:05:46.521469+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"First Community Bankshares adopts Executive Incentive Compensation Plan for 2022","bullets":["Plan effective Jan 1, 2022; approved May 24, 2022; renews annually.","Key financial metric for 2022 is Return on Average Equity (ROAE); threshold, target, max set vs peer group.","NEOs include Stafford, Mills, Brown, Belcher, Harmon; target incentive ranges 12.5% to 50% of salary.","KPIs for 2022: budgeted net income, efficiency ratio, return on assets; payouts subject to clawback.","No incentive paid if ROAE below threshold; maximum capped at 2x target."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-013925","json":"https://secwatch.observer/filing/0001437749-22-013925.json","markdown":"https://secwatch.observer/filing/0001437749-22-013925.md","text":"https://secwatch.observer/filing/0001437749-22-013925.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/859070/000143774922013925/0001437749-22-013925-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/859070/000143774922013925/fcbc20220527_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T06:05:46.521469+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}