Jordan Donald Shawn 4
Research Summary
AI-generated summary
First Community (FCCO) EVP/CFO Jordan Donald Shawn Receives Award
What Happened
- Jordan Donald Shawn, Executive Vice President and Chief Financial Officer of First Community Corporation (FCCO), had performance-based restricted stock units (RSUs) settle on Feb 24, 2026. He acquired 4,074 shares upon settlement (no cash paid). To cover tax obligations, 1,968 of those shares were withheld/sold at $29.43 each for proceeds of $57,918. The filing also shows an additional 1,435 restricted stock units recorded as derivative awards (no cash paid) that have future vesting.
Key Details
- Transaction date: 2026-02-24; Form filed: 2026-02-26 (appears timely).
- Shares acquired on settlement: 4,074 shares @ $0.00 (performance-based RSUs).
- Shares withheld/disposed for taxes: 1,968 shares @ $29.43 = $57,918 (code F: tax withholding).
- Additional derivative award: 1,435 restricted stock units credited @ $0.00 (will vest in future).
- Shares owned after transaction: not reported in this Form 4.
- Relevant footnotes: RSUs were granted Feb 21, 2023 and vested upon achievement of performance goals; reporting person paid no purchase price for the performance RSUs; shares were withheld to satisfy tax withholding; RSUs represent contingent rights to common stock and have scheduled cliff vesting (examples noted: 2,212 cliff vest 2/20/27; 1,581 on 2/18/28; 1,435 on 2/24/29).
Context
- This was a compensation settlement (performance-based RSUs vesting) and routine tax-withholding sale — not an open-market purchase or a voluntary sell motivated by personal trading strategy. The derivative RSUs are contingent rights to future shares (cliff vesting dates noted), so part of the reported entries reflect future vesting schedules rather than immediate market transactions.