Nissen Ted J 4
4 · FIRST COMMUNITY CORP /SC/ · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
First Community (FCCO) EVP Ted Nissen Receives RSUs; 2,280 Withheld
What Happened
Ted J. Nissen, EVP, Chief Banking Officer and director of First Community Corporation (FCCO), had performance-based restricted stock units (RSUs) vest and settle on February 24, 2026. The filing shows 4,689 shares were issued to him at $0.00 (no cash paid). To cover tax withholding, 2,280 of those shares were withheld/disposed at an indicated value of $29.43 per share, totaling approximately $67,100. The report also records 2,250 RSUs as derivative awards (contingent rights), shown at $0.00.
Key Details
- Transaction date(s): February 24, 2026; Form 4 filed February 26, 2026 (reporting period 2026-02-24).
- Issued/Acquired: 4,689 shares settled from performance-based RSUs (no cash paid).
- Tax withholding/Disposed: 2,280 shares withheld at $29.43/share → ~$67,100 (transaction code F).
- Additional derivative RSUs: 2,250 RSUs recorded (contingent rights to common stock).
- Filing notes: RSUs were originally granted on Feb 21, 2023 and vested upon achievement of performance goals (footnotes). Reporting person paid no price for the RSUs; shares were withheld to satisfy tax obligations.
- Shares owned after transaction: not disclosed in the filing.
- Future vesting schedule (per footnotes): remaining RSU tranches cliff vest as follows — 2,713 on Feb 20, 2027; 2,435 on Feb 18, 2028; and 2,250 on Feb 24, 2029.
Context
This was a settlement of performance-based RSUs and a routine tax-withholding disposition, not an open-market sale or purchase. The reporting shows the executive received equity compensation (no cash purchase), with a portion withheld to satisfy taxes. Derivative RSUs represent contingent rights to future shares that will vest on specified dates.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-24+4,689→ 40,934 total - Tax Payment
Common Stock
[F3]2026-02-24$29.43/sh−2,280$67,100→ 38,654 total - Award
Restricted Stock Units
[F4][F5][F6]2026-02-24+2,250→ 7,398 total→ Common Stock (2,250 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]2,713 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person; 2,435 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person; and 2,250 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.