Walker Jack W. 4
4 · FIRST COMMUNITY CORP /SC/ · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
First Community (FCCO) EVP Jack W. Walker Receives Stock Award
What Happened
- Jack W. Walker, EVP and Chief Credit Officer of First Community Corporation (FCCO), received a vesting of performance-based restricted stock units (RSUs) on Feb 24, 2026: 3,220 shares were delivered upon achievement of performance goals (acquired at $0.00). To cover tax withholding, 1,116 of those shares were withheld/disposed at $29.43 each, totaling $32,844. In addition, Walker was granted 1,250 restricted stock units (derivative RSUs) at $0.00 that vest in the future.
Key Details
- Transaction dates: Feb 24, 2026 (reported filed Feb 26, 2026).
- Grants/Acquisitions: 3,220 RSUs vested and were settled in shares (acquisition at $0.00 per F2). Additional grant: 1,250 RSUs (derivative) at $0.00.
- Tax withholding: 1,116 shares withheld/disposed at $29.43 for tax liability, proceeds ≈ $32,844 (transaction code F for tax withholding).
- Net shares delivered at settlement: 3,220 vested − 1,116 withheld = 2,104 shares retained by Walker (calculated from items reported).
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes: The vested RSUs were performance-based awards granted Feb 21, 2023 and vested upon achievement of performance goals (F1–F3). Each RSU equals one share (F4). Future cliff-vesting schedule described in filing for additional RSUs (F5–F6).
- Timeliness: Filing dated Feb 26, 2026 for a Feb 24, 2026 event—filed within the typical two-business-day Form 4 window.
Context
- This was not an open-market purchase or option exercise for cash: it reflects settlement of performance-based RSUs and a related tax withholding in shares (common practice when awards vest). Awarded RSUs were granted at no cash cost to the insider; the disposal recorded was solely to satisfy tax withholding.
Insider Transaction Report
Form 4
Walker Jack W.
EVP and Chief Credit Officer
Transactions
- Award
Common Stock
[F1][F2]2026-02-24+3,220→ 8,734 total - Tax Payment
Common Stock
[F3]2026-02-24$29.43/sh−1,116$32,844→ 7,618 total - Award
Restricted Stock Units
[F4][F5][F6]2026-02-24+1,250→ 4,461 total→ Common Stock (1,250 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]1,836 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person; 1,375 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person; and 1,250 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
Signature
/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT|2026-02-26