First Community (FCCO) Director Chao Chimin Receives Award

What Happened Chao Chimin, a director of First Community Corporation, was credited with 1,347 deferred stock units (transaction code A) on March 31, 2026. The units were calculated using the consolidated closing bid price of $29.17, giving a reported value of $39,292. This was a compensation deferral award, not an open-market purchase.

Key Details

• Transaction date and price: March 31, 2026; price used $29.17 per share.
• Amount credited: 1,347 deferred stock units; reported value $39,292.
• Holdings after transaction: 53,158 deferred stock units under the director deferred compensation plan (includes 280 DSUs credited as dividend equivalents in Q1 2026).
• Footnotes: F1 explains the DSUs were credited based on compensation deferred in Q1 2026 at the $29.17 closing price; F2 notes DSUs earn dividend equivalents as additional DSUs and convert one-for-one to shares upon distribution.
• Filing: Form 4 filed April 2, 2026 (appears timely).

Context Deferred stock units are bookkeeping units under the non-employee director deferred compensation plan that will be converted to common shares upon distribution and accrue dividend equivalents as additional DSUs. This transaction reflects a compensation deferral election by the director rather than a market buy or sell, so it should be interpreted as a pay-structure event rather than a direct trading signal.