Brown, Robin D. 4
4 · FIRST COMMUNITY CORP /SC/ · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
First Community (FCCO) EVP Robin Brown Receives Award, Sells Shares
What Happened
Robin D. Brown, Executive VP of HR & Marketing at First Community Corporation (FCCO), received 3,784 shares upon vesting of performance-based restricted stock units on Feb 24, 2026. Concurrently, 1,661 shares were disposed at $29.43 each (proceeds ~$48,883) to satisfy tax withholding. In addition, 1,353 restricted stock units were recorded as a derivative award (no cash paid).
Key Details
- Transaction date: 2026-02-24. Disposal price: $29.43 per share; proceeds reported $48,883. Acquisitions recorded at $0 (performance RSUs; no purchase price).
- Nature of transactions: A = award/settlement of performance RSUs; M = conversion/settlement resulting in shares disposed (used here for tax withholding).
- Footnotes of note:
- F1/F2: The delivered shares were performance-based RSUs granted Feb 21, 2023; reporting person paid no cash for those units.
- F3: The 1,661-share disposition represents shares withheld/sold to cover taxes upon settlement.
- F4–F6: Each RSU is a contingent right to one share; some RSUs have future cliff-vesting dates (e.g., 2,062 RSUs vest 2/20/2027; 1,490 on 2/18/2028; 1,353 on 2/24/2029).
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: filing covers period ending 2026-02-24 and was filed 2026-02-26 (no late filing indicated).
Context
This filing reflects routine settlement of performance-based RSUs and the customary withholding/sale of shares to cover taxes (a common practice when equity awards vest). The disposed shares were not an open-market sell for investment purposes but part of the tax-withholding process tied to the RSU settlement.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-24+3,784→ 26,373 total - Exercise/Conversion
Common Stock
[F3]2026-02-24$29.43/sh−1,661$48,883→ 24,712 total - Award
Restricted Stock Units
[F4][F5][F6]2026-02-24+1,353→ 4,905 total→ Common Stock (1,353 underlying)
Footnotes (6)
- [F1]Shares delivered to the reporting person pursuant to vesting of performance-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 upon achievement of performance goals for the applicable performance period.
- [F2]The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units.
- [F3]Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.
- [F4]Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock.
- [F5]The restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
- [F6]2,062 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person; 1,490 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person; and 1,353 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.