Nissen Ted J 4

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.