FIRST COMMUNITY CORP /SC/·4

Feb 24, 11:54 AM ET

Brown, Robin D. 4

Research Summary

AI-generated summary

Updated

FCCO EVP Robin D. Brown Receives 1,737 Shares via RSU Vest

What Happened

  • Robin D. Brown, Executive Vice President, HR and Marketing of First Community Corporation (FCCO), had 1,737 time‑based restricted stock units (RSUs) cliff‑vest on February 21, 2026. The RSUs converted to 1,737 shares (no purchase price).
  • To satisfy tax withholding on the vesting event, 776 shares were withheld and disposed at $30.62 per share for a cash value of $23,761. Net shares delivered to Brown after withholding were 961 shares.

Key Details

  • Transaction date: February 21, 2026; Form 4 filed February 24, 2026 (appears timely).
  • Conversion/acquisition: 1,737 shares from vested RSUs at $0.00 (derivative conversion).
  • Tax withholding/disposition: 776 shares withheld at $30.62/share, total ~$23,761.
  • Net shares delivered to reporting person: 1,737 − 776 = 961 shares.
  • Footnotes: RSUs were granted Feb 21, 2023 under the First Community Corporation 2021 Omnibus Equity Incentive Plan and vested on Feb 21, 2026 (each RSU = one share). Additional scheduled cliff vesting: 2,062 RSUs on Feb 20, 2027 and 1,490 RSUs on Feb 18, 2028.
  • Shares owned after transaction: not specified in the provided filing details.

Context

  • This is an award/vesting event (not an open‑market purchase). Withholding of shares to cover taxes is routine and does not necessarily indicate buying or selling sentiment.
  • The reporting shows conversion of RSUs to shares and a partial disposition solely for tax withholding (cashless-like withholding), leaving the rest of the vested shares delivered to the insider.