CRAPPS MICHAEL C 4

What Happened
Michael C. Crapps, President, CEO and Director of First Community Corporation (FCCO), had 7,762 performance-based restricted stock units (RSUs) vest on Feb 24, 2026 and received 7,762 shares (acquired at $0 because these were awards). To satisfy tax withholding, 3,572 of those shares were delivered/forfeited (disposed) at an indicated per-share value of $29.43, totaling about $105,124. The filing also reports an additional 2,607 restricted stock units (derivative RSUs) granted/recorded (zero price) that will cliff-vest in the future.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Vested/received: 7,762 shares (performance-based RSUs granted 2/21/2023). Purchase price to the insider: $0 (award).
• Shares withheld for taxes (code F): 3,572 shares at $29.43/share → $105,124 withheld/disposed. Net shares delivered on vesting: 4,190 (7,762 − 3,572).
• Additional derivative award: 2,607 RSUs reported (zero-dollar grant) that cliff vest on Feb 24, 2029 per footnotes. Footnotes also show other scheduled cliff vesting: 4,185 RSUs (2/20/2027) and 2,987 RSUs (2/18/2028).
• The RSUs represent contingent rights to receive one share each; the reporting person paid no price for the performance RSUs.
• Shares owned after the transaction are not specified in the provided filing.

Context

• This filing reflects vesting of performance-based RSUs and routine tax withholding, not an open-market sale; the withheld shares were surrendered to cover tax liability (code F), not sold for investment reasons.
• RSUs are derivative awards that convert to common shares at vesting; some RSUs in this filing vest immediately, while others are scheduled to cliff-vest in 2027–2029.
• Such awards are common executive compensation and do not by themselves indicate the insider’s intent to buy or sell additional stock.