FIRST COMMUNITY CORP /SC/·4

Feb 24, 12:52 PM ET

Walker Jack W. 4

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

Research Summary

AI-generated summary of this filing

Updated

First Community (FCCO) EVP Jack W. Walker Receives Vested RSUs

What Happened

  • Jack W. Walker, Executive Vice President & Chief Credit Officer of First Community Corporation (FCCO), had 1,479 time‑based restricted stock units (RSUs) vest on February 21, 2026. The RSUs converted into 1,479 shares (acquired at $0.00).
  • To satisfy tax withholding on the vesting, 513 shares were withheld (disposed) at an indicated value of $30.62 per share, totaling $15,708. Net shares delivered to Walker = 1,479 − 513 = 966 shares. No cash purchase was made for the RSUs.

Key Details

  • Transaction date: February 21, 2026; Form 4 filed February 24, 2026 (reports the 2/21/26 vesting).
  • Conversion/Exercise (code M): 1,479 RSUs -> 1,479 shares @ $0.00 (acquired).
  • Tax withholding (code F): 513 shares withheld @ $30.62 = $15,708 (disposed).
  • Each RSU equals one share; RSUs were granted 2/21/2023 under the 2021 Omnibus Equity Incentive Plan and vested 2/21/2026 (report notes the reporting person paid no price for the RSUs).
  • Shares owned after the transaction: not specified in the filing.
  • Future vesting: 1,836 RSUs cliff vest on 2/20/2027 and 1,375 RSUs cliff vest on 2/18/2028 (per filing footnotes).

Context

  • This was a standard vesting of time‑based RSUs with shares withheld to cover tax obligations (a routine administrative withholding, not an open‑market sale). RSU conversions are common compensation events and do not by themselves indicate buying or selling intent in the market.
  • Net received shares (966) reflect the post‑withholding delivery to the insider.

Insider Transaction Report

Form 4
Period: 2026-02-21
Walker Jack W.
EVP and Chief Credit Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-02-21+1,4796,027 total
  • Tax Payment

    Common Stock

    [F3]
    2026-02-21$30.62/sh513$15,7085,514 total
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F5][F6]
    2026-02-211,4793,211 total
    Common Stock (1,479 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]1,479 restricted stock units cliff vested on February 21, 2026.
  • [F6]1,836 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person and 1,375 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

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT