Painter Joseph Andrew 4

What Happened Joseph Andrew Painter, Executive Vice President of First Community Corporation (FCCO), was granted 1,250 restricted stock units (RSUs) on February 24, 2026. The filing reports the award as a derivative acquisition at $0.00 per unit (1,250 RSUs; $0 reported), meaning no cash was paid at grant — these are rights to receive shares in the future if vesting conditions are met.

Key Details

• Transaction date: February 24, 2026. Form 4 filed February 26, 2026 (appears timely).
• Award: 1,250 restricted stock units (derivative grant), reported at $0.00 per unit.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to one share of FCCO common stock.
  • F2: The 1,250 RSUs granted on 2/24/26 cliff-vest on February 24, 2029, at which time vested shares will be delivered.
  • F3: The filing also references 1,375 RSUs that cliff-vest on February 18, 2028 and 1,250 RSUs that cliff-vest on February 24, 2029 (clarifies vesting schedule for awards).
• Transaction type: Award/Grant (Form 4 code A); this is a derivative award, not an open-market purchase or sale.

Context Restricted stock units are contingent awards that convert into shares only upon vesting; a "cliff vest" means the full award vests on the stated future date (no partial vesting beforehand). Grants like this compensate and retain executives and do not represent an immediate market purchase or sale, so they should be interpreted as compensation rather than a direct bullish or bearish trade.