BROWN THOMAS CARLTON 4
Research Summary
AI-generated summary
FIRST COMMUNITY (FCCO) Director Thomas Brown Receives 1,004 Deferred Shares
What Happened
- Director Thomas Brown was credited with 1,004 deferred stock units on March 31, 2026, valued at $29.17 each, for a total of $29,287. This was an award/acquisition of deferred stock units as part of the First Community Corporation Amended and Restated Non‑Employee Director Deferred Compensation Plan — a routine deferral of director compensation, not an open‑market purchase or sale.
Key Details
- Transaction date: March 31, 2026; filing date: April 2, 2026 (Form 4 accession 0000932781-26-000034).
- Price used to compute units: consolidated closing bid $29.17 on March 31, 2026.
- Units credited: 1,004 deferred stock units (value ≈ $29,287).
- Shares/units reported after transaction: the filing discloses 9,827 deferred stock units held under the Plan (this figure includes 48 units credited as dividend equivalents during Q1 2026).
- Footnotes: (1) Units were credited based on compensation deferred during Q1 2026 divided by the $29.17 closing price. (2) Deferred stock units receive dividend equivalents (additional deferred units) and will be converted one‑for‑one into shares upon distribution from the Plan.
- Timeliness: No late‑filing flag indicated.
Context
- Deferred stock units are a form of compensation deferral: they track share value and dividend equivalents but are not currently tradable shares. They will be exchanged for actual First Community common stock on a one‑for‑one basis when distributed under the Plan. This transaction is routine compensation deferral and does not indicate an open‑market buy or sell.