Nissen Ted J 4

4 · FIRST COMMUNITY CORP /SC/ · Filed Feb 24, 2026

AI-generated summary of this filing

Updated Feb 24, 2026

First Community (FCCO) EVP Ted Nissen Receives Award; Shares Withheld

What Happened

Ted J. Nissen, Executive Vice President & Chief Banking Officer of First Community Corporation (FCCO), had 2,153 time‑based restricted stock units (RSUs) cliff vest on February 21, 2026. Those RSUs converted into 2,153 shares of FCCO common stock (acquired at $0.00 because they were RSUs).
To satisfy tax withholding on the vesting, 1,113 shares were withheld/treated as disposed at an implied price of $30.62 per share, totaling $34,080. Net shares delivered to Nissen after withholding: 1,040 shares.

Key Details

Transaction date: February 21, 2026. Form 4 filed February 24, 2026.
Conversion/acquisition: 2,153 RSUs → 2,153 shares at $0.00 (RSU vesting).
Tax withholding (disposition): 1,113 shares withheld at $30.62 each = $34,080.
Net shares retained by insider from this vesting: 1,040 shares (2,153 vested − 1,113 withheld).
Footnotes: RSUs were granted Feb 21, 2023 under the First Community Corporation 2021 Omnibus Equity Incentive Plan; each RSU equals one contingent share; 2,153 RSUs cliff vested on Feb 21, 2026. Additional RSUs remain scheduled to cliff vest (2,713 on Feb 20, 2027 and 2,435 on Feb 18, 2028).
Filing timeliness: Form 4 was filed Feb 24, 2026 (transaction occurred Feb 21, 2026). The filing date is shown on the submission.

Context

This was an award vesting event (RSUs converting to shares) with routine tax withholding — common for executive equity compensation. It is not an open‑market purchase or a voluntary sale signaling a trading decision.
RSUs represent a contingent right to receive shares; the reported withholding is a standard method to cover tax obligations upon vesting.

Form 4

Period: 2026-02-21

DirectorEVP and Chief Banking Officer

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-21+2,153→ 37,358 total
Tax Payment
Common Stock
[F3]
2026-02-21$30.62/sh−1,113$34,080→ 36,245 total
Exercise/Conversion
Restricted Stock Units
[F4][F5][F6]
2026-02-21−2,153→ 5,148 total
→ Common Stock (2,153 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]2,153 restricted stock units cliff vested on February 21, 2026.
[F6]2,713 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person and 2,435 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person.

Signature

/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT|2026-02-24

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