Jordan Donald Shawn 4
4 · FIRST COMMUNITY CORP /SC/ · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
FIRST COMMUNITY (FCCO) EVP/CFO Jordan Shawn Receives RSUs; Tax Withheld
What Happened
Jordan Donald Shawn, EVP and Chief Financial Officer of First Community Corporation (FCCO), had 1,870 time‑based restricted stock units (RSUs) vest on February 21, 2026. The RSUs converted into 1,870 shares (reported as derivative exercise/conversion at $0.00). To satisfy tax withholding on the vesting, 929 shares were withheld and disposed at $30.62 per share for a withholding value of $28,446, leaving a net delivery of 941 shares to Mr. Shawn.
Key Details
- Transaction date: February 21, 2026 (filed on February 24, 2026).
- Conversion/exercise: 1,870 RSUs → 1,870 shares reported as acquired at $0.00.
- Tax withholding: 929 shares withheld/disposed at $30.62 each = $28,446.
- Net shares delivered to insider: 1,870 − 929 = 941 shares.
- Price paid for RSUs: $0.00 (RSUs were granted as compensation).
- Footnotes: RSUs were granted 2/21/2023 under the 2021 Omnibus Equity Incentive Plan and vested 2/21/2026; each RSU = one share. Additional scheduled cliff vesting: 2,212 RSUs on 2/20/2027 and 1,581 RSUs on 2/18/2028.
- Shares owned after transaction: not specified in the filing.
- Timeliness: Filed 3 days after the 2/21 transaction (filed 2/24/2026); Form 4s are generally due within two business days, so check business‑day count to confirm timeliness.
Context
This was a compensation-related vesting event (award), not an open‑market purchase or sale by intent. Withholding shares to cover taxes is a routine "sell‑to‑cover" type action and does not necessarily indicate a view on the company’s stock. The RSU conversion was reported as a derivative exercise/conversion (code M) with withholding reported as a disposition for tax purposes (code F).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-21+1,870→ 9,728 total - Tax Payment
Common Stock
[F3]2026-02-21$30.62/sh−929$28,446→ 8,799 total - Exercise/Conversion
Restricted Stock Units
[F4][F5][F6]2026-02-21−1,870→ 3,793 total→ Common Stock (1,870 underlying)
Footnotes (6)
- [F1]Shares delivered to the reporting person pursuant to vesting of time-based restricted stock units, which were granted to the reporting person on February 21, 2023, under the First Community Corporation 2021 Omnibus Equity Incentive Plan and vested on February 21, 2026.
- [F2]The time-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the time-based restricted stock units.
- [F3]Shares withheld to satisfy tax withholding obligation applicable to the vesting of time-based restricted stock units that vested on February 21, 2026.
- [F4]Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock.
- [F5]1,870 restricted stock units cliff vested on February 21, 2026.
- [F6]2,212 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person and 1,581 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person.