0001638599-21-000233.txt : 20210223 0001638599-21-000233.hdr.sgml : 20210223 20210223212741 ACCESSION NUMBER: 0001638599-21-000233 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210219 FILED AS OF DATE: 20210223 DATE AS OF CHANGE: 20210223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SAUNDERS WILLIAM E JR CENTRAL INDEX KEY: 0001355595 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32590 FILM NUMBER: 21668228 MAIL ADDRESS: STREET 1: 323 PRINCE STREET, PO BOX 965 CITY: TAPPAHANNOCK STATE: VA ZIP: 22560 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Community Bankers Trust Corp CENTRAL INDEX KEY: 0001323648 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 202652949 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 9954 MAYLAND DRIVE STREET 2: SUITE 2100 CITY: RICHMOND STATE: VA ZIP: 23233 BUSINESS PHONE: (804) 934-9999 MAIL ADDRESS: STREET 1: 9954 MAYLAND DRIVE STREET 2: SUITE 2100 CITY: RICHMOND STATE: VA ZIP: 23233 FORMER COMPANY: FORMER CONFORMED NAME: Community Bankers Trust CORP DATE OF NAME CHANGE: 20080603 FORMER COMPANY: FORMER CONFORMED NAME: Community Bankers Acquisition Corp. DATE OF NAME CHANGE: 20050413 4 1 doc4_7100.xml PRIMARY DOCUMENT X0306 4 2021-02-19 0 0001323648 Community Bankers Trust Corp ESXB 0001355595 SAUNDERS WILLIAM E JR 9954 MAYLAND DRIVE SUITE 2100 RICHMOND VA 23233 0 1 0 0 EVP and CRO Employee Stock Option (right to buy) 7.67 2021-02-19 4 A 0 20000 0 A 2031-02-19 Common Stock 20000 20000 D Restricted Stock Unit (performance-based) 2021-02-19 4 A 0 5000 0 A 2023-12-31 Common Stock 5000 5000 D The option vests in four equal annual installments beginning on February 19, 2022. The vesting of the performance-based restricted stock units, and the corresponding issuance of shares of common stock, is based on the Issuer's performance with respect to the return on average assets financial metric over the three-year period ending December 31, 2023. If, at the end of the performance period, the metric is at the 40th percentile of the peer group, 75% of the shares will vest. If the metric is at the 60th percentile, 100% of the shares will vest. If the metric is at the 80th percentile, 175% of the shares will vest. Vesting is pro rata between these percentile levels, and there is no vesting if the metric is below the 40th percentile. /s/ John M. Oakey, III by power of attorney 2021-02-23