Sundar PichaiSundar Pichai earned $164M in 2023

Gary R. Mills has been serving as the CEO of First Community Bankshares since 2013. He started his career at the bank in 1998 and climbed the ranks by demonstrating his skills in credit and management. Under his leadership, the...

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Gary R. Mills

CEO of First Community Bankshares

Sector of Economy

Financial Services

CEO of First Community Bankshares for

8 years 9 months (Aug 2016 - Present)

Previous Experience

Unknown

Holdings

See how much did Gary R. Mills make over time.

Gary R. Mills has been actively managing his holdings in First Community Bankshares, demonstrating a significant financial commitment to the company. His insider trading activity shows a notable peak, reaching up to $2.55 million as of September 2024. This figure...

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Insider Trading

See recent insider trades of Gary R. Mills.

FCBC

4,484 shares

FCBC

Mar 19, 2021

Received

FCBC

$58.99K

FCBC at $19.66/share

Aug 20, 2020

Purchase

FCBC

9,722 shares

FCBC

Mar 13, 2020

Received

FCBC

$27.06K

FCBC at $27.06/share

Mar 3, 2020

Purchase

FCBC

5,437 shares

FCBC

Mar 8, 2019

Received

FCBC

$8.58K

FCBC at $34.30/share

Nov 5, 2018

Purchase

FCBC

$8.24K

FCBC at $32.95/share

Jul 27, 2018

Purchase

FCBC

2,670 shares

FCBC

Mar 19, 2018

Received

FCBC

$29.30K

FCBC at $29.30/share

Mar 9, 2018

Purchase

FCBC

1,889 shares

FCBC

Mar 9, 2018

Received

Compensation History

See how much did Gary R. Mills make over time.

In 2020, Gary R. Mills received total compensation of $1,162,157 for his role as CEO of First Community Bankshares. This amount included a base salary of $567,000, paired with a cash bonus that recognized his performance and the bank's strategic goals. Additionally, he benefited from vested stocks amounting to over $155,000 and other perks, such as retirement contributions. His compensation philosophy emphasizes linking management pay to company performance, promoting sustained growth and accountability among senior executives. Over the years, his compensation has steadily increased as reflected in previous years like 2019, where he earned $1,094,799. This pattern showcases how he is rewarded for achieving key financial metrics and objectives set by the board, aligning his interests with those of shareholders.

Year

2020

Total Compensation

$1.07M

Salary

$567.00K

Board Justification

The overall objective of the executive compensation program is 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.

Bonus

$265.78K

Board Justification

Annual incentive awards earned are paid to named executive officers in the form of cash bonuses (75%) and grants of Corporation stock (25%), subject to a two year restriction period. Awards are based on certain evaluation criteria, including Corporation performance compared to strategic objectives as measured by incentive compensation scorecards, and the overall financial and strategic performance of the Corporation.

Other

$81.92K

Board Justification

Includes retirement plan contributions, life insurance, and other perquisites such as automobile allowance.

Restricted Stock

$155.97K(7.19K restricted stock)

Board Justification

Shares acquired upon the vesting of restricted stock awards and the value realized at such time, before the payment of any applicable withholding tax and brokerage commissions.

Performance Metrics

Annual incentive awards are based on certain evaluation criteria, including Corporation performance compared to strategic objectives as measured by incentive compensation scorecards, and the overall financial and strategic performance of the Corporation.