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