Nissen Ted J 4

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.