FIRST COMMUNITY CORP /SC/·4

Feb 24, 12:52 PM ET

Walker Jack W. 4

Research Summary

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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.